QUANTITATIVE EASING 2 – QE2
This is the second monetary policy of Fed, which is used to stimulate the United States economy after the recession that started in 2007/08. Fed had plans on buying $600 billion in long-term Treasuries, in addition to the reinvestment of an additional $250 billion to $300 billion in Treasuries from earlier proceeds from mortgage-backed securities.
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Relativity Trap
A psychological trap that leads people to make irrational choices when making spending decisions. The relativity trap is often exploited by savvy m ...
Black Wednesday
The UK government was forced to pull out the sterling from the European Union’s exchange rate mechanism on September 16, 1992. Five years lat ...
Cash and Cash Equivalents - CCE
Company assets, stated in its balance sheet, which are in cash form or can easily be converted into cash.
Third Party
Individual or company other than the principals that is part of a arrangement or transaction. Frequently, this party has lesser interest in the dea ...
Retirement Method of Depreciation
An accounting procedure in which an asset is expensed for depreciation purposes only when it is removed from service instead of allocating its cost ...
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Principles of Trading: Record Keeping and Taxation
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 16:00 | Existing Home Sales | Mar | |
| 05:00 | Credit Card Spending | Mar | |
| 07:00 | BOJ Core CPI | Mar | |
| 08:00 | Prelim Machine Tool Orders | Mar | |
| 14:30 | Wholesale Sales | Feb | |
| 15:00 | House Price Index | Feb | |
| 16:00 | New Home Sales | Mar | |
| 16:00 | Richmond Fed Manufacturing Index | Apr | |
| 16:00 | Consumer Confidence | Apr |
