Last time I was at Hogwarts, I got to sneak a peek at the Sorting Hat. You know, the hat that goes on each student's head while the student is like...
- about the world (6)
- about the economy (8)
- tp does things (1)
- people to know (1)
- about our bodies (3)
- book review (1)
posts about about the economy
It was a crisp morning – June 28, 2000. The birds were chirping and the Federal Reserve governors were gathering for an FOMC meeting when Fed Chair Alan Greenspan admitted rather nonchalantly that...
Hedge funds and banks use a metric called VaR (Value-at-Risk) to calculate their levels of risk. They do this on individual asset levels, portfolio levels, and entire company levels. This helps them understand how much $ they need to keep in reserves so they don't go bankrupt.
The economy is shitting a brick – to say the least. Luckily, our central bankers have come to the rescue to the tune of trillions of dollars to keep the financial system from completely shutting down.
Bitcoin is a computer program designed to create a scarce asset that can be transferred across the internet, on the cheap, without the need for a central authority to manage transactions. That’s it.
Whether you get your financial news from The Economist, Bloomberg, or Twitter's famous Stock Cats (@StockCats), they all seem to focus on pretty similar risks facing the financial markets.
In theory, pensions are a safety blanket. They're the well-deserved pot of gold at the end of the rainbow that you get after a lifetime of work.