BUFFETT RULE
Tax rule obliging individuals in the highest income bracket to pay at least 30% of their income in federal taxes. Proposed by US President Barack Obama in 2011, it states no household making more than $1 million every year should give a smaller payment than middle class families. The rule was named after renowned American investor Warren Buffett, who once mentioned his secretary paid higher tax rate than he did. Also called Fair Share Tax.
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Shadow Banking System
The Shadow Banking System is the financial intermediaries that are present in the facilitation of the creating credit across the global financial s ...
Beneficiary Clause
A beneficiary clause is a provision in a life insurance policy or other investment vehicle such as an annuity or IRA that permits the policy owner ...
ASC X12
They develop the electronic data interchange or EDI for national and global markets. It was organized by the American National Standards Institute ...
To Be Announced - TBA
Forward mortgage-backed securities, which is passed through securities issued by Fannie Mae, Freddie Mac, and Ginnie Mae in the TBA market. ...
Regulation Y
A Federal Reserve regulation which regulates corporate bank holding company practices as well as particular practices of state-member banks. Practi ...
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SEE FOREX TUTORIAL
An Introduction to MetaTrader 4 and MetaTrader 5
Metatrader 4 (MT4)
Metatrader 4 (MT4) is a prominent trading platform among online brokerage firms developed by MetaQuot ...
Choosing Your Bank
Now that you’ve learned the basics of banking and the importance of it, you are now ready to put your money in a bank. But which bank should ...
Digesting Financial Statements: Long-Lasting Liabilities
Long-lived liabilities refer to obligations which are due more than a year. Some examples of long-term debt include convertible bond and capital le ...
Retirement Planning: Maximizing the Power of Compounding
“The early bird catches the worm.” – William Camden
Connection of Inflation and Interest Rates
We cannot simply ignore the connectivity of inflation and interest rates. Both items are interrelated. So, whenever there is a news item about a co ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Industrial Production | Jul | |
| 08:30 | Producer & Import Prices | Aug | |
| 11:01 | New Yuan Loans | Aug | |
| 14:30 | Consumer Price Index | Aug | |
| 14:30 | Consumer Price Index Core | Aug | |
| 14:30 | Common Core CPI | Aug | |
| 14:30 | Trimmed Core CPI | Aug | |
| 14:30 | Median Core CPI | Aug | |
| 14:30 | Manufacturing Shipments | Jul |
