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The Actuary The magazine of the Institute & Faculty of Actuaries

Stockmarket slump

I was right. It is a waste of time andmoney to fling cash at the market.Readers may wish to look at myletters in PMI News for November2006, February 2007, and June2007 (www.pensions-pmi.org.uk).

The top end of the residentialproperty market is oversuppliedrelative to effective demand. Top endbuyers are buying ‘affordable’homes.