JACOB SCHIFF
A banker, businessman, and philanthropist who was born in Germany. He became the director of many significant corporations including National City Bank of New York, Equitable Life Assurance Society, Wells Fargo, and Union Pacific Railroad. He also spearheaded Kuhn, Loeb & Company, an investment bank. His successes let him finance many things such as various railroads, donations to many Jewish causes, and Japanese military efforts in order to win the Russo-Japanese War between 1904 and 1905.
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Housing Bubble
A run-up in housing prices fueled by demand, speculation and the belief that recent history is an infallible forecast of the future. Housing bubble ...
Low Exercise Price Option - LEPO
A call option for investors that has a price of 1 cent with an agreement to buy 1000 shares. This cannot be executed until its expiry. It works lik ...
Callable Security
A security with an enclosed call provision that gives the person who issues to redeem or repurchase the security by a particular period. Since the ...
Shadowing
Shadowing is the creation of values for variables that are not dependent strictly to market value. This means that these variable have market value ...
Pass-Through Rate
Pass-through rate is the net
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Macroeconomics: A Brief History
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