GREAT LEAP FORWARD
Economic and social campaign attempt to modernize China’s economy in 1958. The effort was created by the Communist Party of China (CPC) led by Mao Zedong, also called Mao Tse-tung, aiming to change the country into a society able to compete with other industrialized countries such as the United States, within five years. The second Five-Year plan was announced between 1958 and 1963. Millions of Chinese citizens were moved to communes to work in manufacturing or on farms, and private farming was not permitted. But after three years, the Great Leap Forward was stopped in 1960.
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Dual Exchange Rate
Situation in which a currency has a fixed official exchange rate and an illegal preset parallel exchange rate. Such rates are used in various situa ...
Individual Retirement Annuity
Retirement investment vehicle similar to an individual retirement account, except that an annuity contract must be purchased, which is subject to n ...
Bear Squeeze
An alteration in market conditions that pressures negative thinker investors trying to earn from diminishing amounts to buy back an investment at a ...
Recurring Revenue
It is the portion of the revenue of a company that is possible to continue in the future. This is revenue that is stable, foreseeable and may be co ...
Centralized Market
Financial market structure comprised of having all orders transferred to one central exchange without other competing market. Prices quoted on vari ...
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SEE FOREX TUTORIAL
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Ethical Investing: Its Advantages and Disadvantages
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A Guide to Your Personal Income Tax: Basics
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A Guide to Income Tax: Overlooked Credits and Cuts
The US tax code changes from time to time, and majority of taxpayers cannot name at least three of the most common deductible expenditures. On that ...
ECONOMIC CALENDAR
Time | Country | Indices | Period |
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08:30 | Producer & Import Prices | Mar | |
11:00 | Industrial Production | Feb | |
14:30 | Manufacturing Shipments | Feb | |
14:30 | Wholesale Sales | Feb | |
14:30 | Retail Sales | Mar | |
14:30 | NY Fed Empire State manufacturing index | Apr | |
16:00 | Business Inventories | Feb | |
16:00 | NAHB Housing Market Index | Apr | |
04:00 | Real GDP | 1 quarter |