The Great Recession is not the first time that the economy has experienced downturn or recession. The last one occurred during the early 1980s, and it caused unemployment to spike and home prices to drop. However, that doesn’t mean that a similar situation cannot happen again. The effects of a recession have lasting implications for consumers and businesses. When...
This section is on seasonality and follows the prior section on carry trading conditions. I strongly recommend reading the prior parts for full value. This is (pt. 5) in chronological order. And yes, this will be on the test. ----------------------- You probably have someone in the immediate or extended family that considers herself (let's be honest) an...
Purchasing power ( PP -25.00% ) is a measure of strength of a currency. It represents a quantity of goods & services that can be bought by a unit of currency. Since 1914 the purchasing power of the US dollar -0.89% is down 96 %. The calculation is simple. We take the consumer price index ( CPI 0.24% ) for the USA and divide every value by the value for our base...