Description: Three corporate leaders prognosticate about the future of the financial-services industry and of U.S. society in general. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4B.

Description: Author’s response to discussant comments for the 2009 Housing Wealth monograph paper, “Modigliani, Miller and Mortgages.” The paper is essentially about the genesis of the credit crisis. The discussant found the paper makes some interesting points but leaves too much out of the story. The author reiterates his point that mortgage based derivatives often subtract value and that the Federal Government accommodated that at great expense to the nation's wealth and economic well-being.

Description: This paper asks the Modligliani-Miller question regarding the mortgage markets. The paper is essentially about the genesis of the credit crisis. The proposed answer is that the practice of risk should not be allowed without actuarial supervision.

Description: Panelists opine on where we are in the economic cycle as well as where we are headed. One panelist describes in detail his company's economic scenario generator, nicknamed GEMS [TM]. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 71PD of the Boston Annual Meeting.

Description: Summarizes the state of US government balance sheet and defends the view that inflation will not rise sharply in the next few years.

Description: Discussion of the introduction of the Euro and its impact on European cooperation and its impact on the ability of the United States and its currency to dominate the world's political and financial system.

Description: The article makes reference to how the intervention by government agencies and institutions into the financial marketplace are creating distortions. This artificial tampering into market mechanisms will likely result in major financial dislocations down the road as natural economic forces (coined by the term "invisible hand") eventually are allowed to come into play.

Description: Editors discuss the articles in this issue.

Description: Discussant comments for the 2009 Housing Wealth monograph paper, “Modigliani, Miller and Mortgages.” The paper is about the genesis of the credit crisis. The discussant finds the paper makes some interesting points but leaves too much out of the story.

Description: Speaker, a financial-services executive, prognosticates about the future of the financial-services industry. From the 1987 Record of Society of Actuaries, Vol. 13, No. 4B.