LOCAL EXCHANGE TRADING SYSTEMS
A locally initiated and organized economic organization, which allows members to partake in exchanging goods and services, among others. It uses a locally created currency as denominations of units of value that can be bartered or traded in exchange for products and services. LETS members usually view the systems as cooperative and organized system, which maximize purchasing power while benefiting members and the community.
In Toronto Canada, it is called Local Employment and Trading System; while in New South Wales, Australia, it is known as Local Energy Transfer Systems.
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Traditional Whole Life Policy
Life insurance contract that has no expiration date. Unlike other life insurances, this contract never runs out and provides coverage for the polic ...
Tainted Alpha
Alpha return of a security or portfolio not attributable solely to the money manager or investor because of consequential beta exposure. It occurs ...
Inefficient Portfolio
A portfolio that renders an expected return which is too low for the amount of risk it requires, or a portfolio that gives too much peril for a spe ...
Mixed Economic System
An economic system with features of both capitalism and socialism. It lets a level of private economic freedom in using capital, but also allows fo ...
Montreal Exchange
A derivatives exchange situated in Montreal, Quebec, Canada. It trades futures contracts and options, as well as index options and futures. It is C ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 00:45 | Visitor Arrivals | May | |
| 04:00 | Industrial production | Jun | |
| 04:00 | Fixed Asset Investment | Jun | |
| 04:00 | Retail Sales | Jun | |
| 04:00 | Unemployment Rate | Jun | |
| 04:00 | Real GDP | 2 quarter | |
| 04:00 | Real GDP (YTD) | 2 quarter | |
| 04:00 | NBS Press Conference | ||
| 08:30 | Producer & Import Prices | Jun |
