Welfare, including economic wellbeing, is attained through analysis, determination, cooperation and enterprise that glimpses new horizons and works and struggles to reach them. Increased employment, the spread of work, is the goal that negates the idea of economics as the “dismal science”.
It is that for some credit unions,  BIS central bankers’ speeches  1  the impairment of these investments would threaten their very viability. This suggests that, the management of these credit unions may not have properly assessed credit and investment risks and, through insufficient portfolio diversification, almost compromised the viability of their organizations.