CELTIC TIGER
Nickname for Ireland, pertaining to its boom years in late 1990s. During that time, it enjoyed an average annual economic growth rate of 6.5%. The first boom happened in 1990s when investors, many from tech companies, poured in because they were attracted by its tax rates. It ended in 2001 with the internet bubble burst. The second boom was in 2004 when Ireland opened its doors to employees from new European Union member countries. Surge in house prices, continued investment by multinationals, growth in employment and tourism, resurgence of IT industry, and the US economic recuperation contributed to its revival. Also called Celtic Tiger 2, it ended in 2008.
POPULAR TERMS
Letter of Credit
A commitment or promise letter, from a bank or importer, that is written to the seller, which guarantees the payment will be received on time and i ...
Overnight Delivery Risk
A risk that exists as a result of conducting transactions between different time zones. It refers to how the recipient may not know whether the oth ...
Scenario Analysis
Scenario Analysis is the method of estimation to be used on a portfolio’s expected value after a designated amount of time taking into accoun ...
Sampling
Sampling is a process used in statistical analysis wherein a predetermined number of observations is taken from a larger population.
Multibank Holding Company
A firm that is a major shareholder of two or more banks. These companies are administered by the Bank Holding Company Act of 1956. They are subject ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Student Loans: Private Loans
Majority of students consider federal loans as their first borrowing choice. But this loan may not be able to shoulder an entire tuition, not to me ...
Introduction to Inflation
I asked my grandparents about the cost of living during World War II. They told me people during that period could buy a house for $5,000, a car fo ...
Buying a Home: Getting Pre-Approved for a Mortgage
You have determined the amount needed to buy the home of your dreams. Now, figure out the amount a bank can lend you. The rationale behind this is ...
A Guide to Your Personal Income Tax: Last-Minute Moves
December 31 is fast approaching. The next thing you know you need to file your income tax return. So before you get swarmed by the hustle and bustl ...
Retirement Planning: Maximizing the Power of Compounding
“The early bird catches the worm.” – William Camden
ECONOMIC CALENDAR
Time | Country | Indices | Period |
---|---|---|---|
02:00 | MI Inflation Gauge | Feb | |
02:30 | ANZ Jobs Advertisements | Feb | |
02:30 | Company Operating Profits | 4 quarter | |
02:30 | PMI Manufacturing | Feb | |
03:45 | Markit Final Manufacturing PMI | Feb | |
07:30 | Commodity Prices | Feb | |
10:15 | PMI Manufacturing | Feb | |
10:30 | Procure PMI Index | Feb | |
10:45 | PMI Manufacturing | Feb |