LIBERTY DOLLAR
An alternative currency created to combat inflation. Made by Bernard von NotHaus in 1998, these were backed originally by silver; later on by gold, copper, and platinum. Through von NotHaus’ National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code (NORFED), the silver liberty dollars were spawned in a private mint in Idaho. Unlike the official US currency, these are supposed to be an inflation proof because liberty dollars are made of precious metal. But because of the similarities (in appearance) between liberty dollars and US official coins, he was arrested in 2009 on charges of intent to defraud, and found guilty of conspiracy against the Fed government in March 2011.
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Benjamin Graham
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Inflation Swap
Derivative that transfers inflation risk from one party to another in order to neutralize the possibility of high inflation levels. In this swap, o ...
Blue Collar Trader
Individual with another source of income and trades to create a savings plan or generate bonus. Such traders seek to earn smaller returns. Since th ...
Bellwether
A sign that displays the possible presence of a trend is called Bellwether. The efficiency and achievements of particular companies/bonds and stock ...
Defensive Stock
Defensive stocks remain stable during the various phases of the business cycle. During recessions they tend to perform better than the market; howe ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 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 |
