IRRATIONAL EXUBERANCE
Refers to an unsustainable investor enthusiasm that glides asset prices up to levels that are not backed by fundamentals. The phrase was said to have been used by then Federal Reserve Chairman Alan Greenspan in his speech, The Challenge of Central Banking in a Democratic Society, in 1996. Greenspan noted low inflation cuts down investor uncertainty, lessens risk premiums, and denotes higher stock market returns.
POPULAR TERMS
Bank Card
Any card given against a depositary account, such as a debit card or ATM card. There are instances that the phrase is also employed to refer to Mas ...
Living Will
A legal document that specifies what an individual (principal) does or does not want should he or she becomes terminally ill or in ...
IRS Publication 926
A document that gives information for individuals who has a household employee. Published by the Internal Revenue Services (IRS), this includes mai ...
Tax Fairness
Tax platform based on the concept of creating a balanced, clear, and equitable tax system. In general, it seeks to limit the amount of tax legislat ...
Financial Crisis
It occurs when the value of financial institutions or assets drops quickly. Investors sell off assets or withdraw money in fear that those assets&r ...
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SEE FOREX TUTORIAL
Principles of Trading: Well Known Trading Instruments
Traders look at two primary factors when choosing the instruments they desire to trade: liquidity and volatility. Liquidity is the extent to which ...
Buying a Home: Getting Pre-Approved for a Mortgage
You have determined the amount needed to buy the home of your dreams. Now, figure out the amount a bank can lend you. The rationale behind this is ...
Ethical Investing: Looking Into Ethical Investments
For studying socially responsible investments, the key word is ethics, of course.
View every corporate webs ...
Buying a Home: Getting Into the Escrow Process
You write an offer and the seller accepts it. Deal closed. It is about time to go through the escrow process. Why does a buyer need to undergo this ...
Health Savings Account: Introduction
In essence, health savings account shoulders any health- and medical-related expenses that are not included in the high-deductible health plan. Pay ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
