PHOENIX DOLLARS
Gordon Hayes introduced these one-ounce silver disks in October 2005. These are not legal tender or official currency because they are not endorsed by any government or state. Phoenix Dollars were made as a means of protecting wealth as their value doesn’t depend on fiat currency, but based on the silver’s market price.
POPULAR TERMS
Housing Bonds
Bonds that are issued to finance a municipal construction project such as housing development.
Fixed Price
The leg of a swap that is based on an unchanging interest rate. A plain vanilla interest rate swap is an exchange of two streams of cash flows. Bot ...
Capital Goods Sector
A classification of stocks connected to the distribution or manufacture of goods. This division is diverse, involving firms that produces machinery ...
Day-Count Convention
It is used to determine the number of days in a two coupon dates where it is very important in calculating accrued interest. There are several diff ...
Resolution Funding Corporation - REFCORP
A mixed-ownership government corporation established by Congress in 1989 in conjunction with the Resolution Trust Corporation (RTC). The two corpor ...
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SEE FOREX TUTORIAL
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 ...
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 ...
Starting Your Own Small Business: Financing a Business
After choosing the business you want to go into, regardless of the line of business, you need a startup capital in order to keep the business going ...
Choosing Your Bank
Now that you’ve learned the basics of banking and the importance of it, you are now ready to put your money in a bank. But which bank should ...
An Introduction to Student Loans
A college education is one of the most essential investment in a person’s life. Unfortunately, in this time and age, it has also become one o ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | Bundesbank Monthly Report | ||
| 16:00 | New Home Sales | Sep | |
| 17:30 | SNB Chairman Thomas Jordan Speaks | ||
| 23:45 | Trade Balance | Sep | |
| 04:30 | RBA Deputy Governor Guy Debelle Speaks |
