SUBPRIME MELTDOWN
Situation which affected the mortgage industry in 2007 because of approving individuals with poor credit rating. The housing boom in mid-2000s and low interest rates pressed several lenders to offer home loans to individuals with poor credit rating. As a result, there was a sharp increase in high-risk mortgages that defaulted. Many lending institutions and hedge funds also collapsed. After the real estate bubble died, many borrowers were not able to settle their payments on their subprime mortgages.
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NEX
A separate board on the TSX Venture exchange that provides a unique trading forum for listed companies that no longer meets the ongoing listing sta ...
Federal Reserve Bank Of Chicago
The 7h district Federal Reserve Bank, which is located in Chicago.
Regulation F
This regulation identifies that banks should introduce internal rules that regulate the amount of risk that they can take in their business proceed ...
Downshifting
Deducting an individual’s standard of living in order to improve quality of life. The act presumes a tradeoff between standard of living incl ...
Loan Life Coverage Ratio - LLCR
A financial ratio that determines the capacity of the borrowing company to pay an outstanding loan. To compute loan life coverage ...
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Ethical Investing: Its Advantages and Disadvantages
Believe it or not, ethical investing comprises a huge emotional component. Investors are human; therefore, they let emotions drive their decisions. ...
Digesting Financial Statements: Long-Lasting Liabilities
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Retirement Planning: The Significance of Retirement
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
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03:30 | NAB Business Confidence | Apr | |
05:00 | Expected Annual Inflation 2y from now | 2 quarter | |
09:00 | SECO Consumer Confidence | Apr | |
14:30 | Building Permits | Mar | |
18:45 | SNB Chairman Thomas Jordan Speaks | ||
00:45 | Visitor Arrivals | Mar | |
01:50 | Domestic Corporate Goods Price Index | Apr | |
08:00 | Claimant Count Change | Apr | |
08:00 | Average Earnings Index | Mar |