FINANCIAL SHENANIGANS
Acts that are designed to mask the true financial performance or position of a company. Financial shenanigans can range from relatively minor infractions involving creative interpretation of accounting rules to outright fraud over many years. In almost every instance, the revelation that a company’s stellar financial performance has been due to financial shenanigans rather than management prowess will have a calamitous effect on its stock price and future prospects. Depending on the scale and scope of the shenanigans, the repercussions can range from a steep sell-off in the stock to the company’s bankruptcy and dissolution.
POPULAR TERMS
General Partnership
Arrangement in which partners conducting a business jointly share endless liability, meaning their personal assets are liable to the partnership&rs ...
Posterior Probability
The revised probability of an event occurring after taking into consideration new information. Posterior probability is normally calculated by upda ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Aggregate Hours
The total work hours of all employed individuals, either part time or full time, within a year. Aggregate hours can also point to the total work ho ...
Market Performance Committee
A committee, a group of specialists and allied members of the New York Stock Exchange (NYSE), that are behind the effective and orderly trading mar ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 04:00 | Real GDP | 3 quarter | |
| 04:00 | Real GDP (YTD) | 3 quarter | |
| 04:00 | Fixed Asset Investment | Sep | |
| 04:00 | Industrial production | Sep | |
| 04:00 | Retail Sales | Sep | |
| 04:00 | Unemployment Rate | Sep | |
| 04:00 | NBS Press Conference | ||
| 11:30 | FOMC Member Randal K. Quarles Speaks | ||
| 14:15 | Housing Starts | Sep |
