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LAGGING ECONOMIC INDICATOR: One of seven economic statistics that tend to move up or down a few months after the expansions and contractions of the business cycle. These statistics paint a pretty clear picture of what the economy was doing a few months back. Lagging economic indicators lag the turning points of the aggregate economy by 3-12 months. After a contraction begins, lagging indicators decline 3 to 12 months later. And 3 to 12 months after a expansion begins, lagging indicators rise.
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Lesson 19: Money Creation | Unit 1: A Little Magic
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First:- Money is currency and checkable deposits.
- Currency is issued by the federal government.
- Checkable deposits are issued by commercial banks.
Second: - Money is the medium of exchange.
- Money makes production and exchange more efficient.
- Too much money causes inflation and too little causes recession.
Third: - Banks balance profit-seeking loans and deposit-protecting reserves.
- Because a failed bank can trigger economic instability, banks are heavily regulated by the government.
Note:- Controlling checkable deposits is controlling a little magic.
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CREDIT UNIONS Non-profit depository financial institutions that were originally established to provide members of a specific group, such as employees of a company, with low-cost personal loans higher interest on deposits than available through traditional banks. Credit unions are chartered and regulated by the National Credit Union Administration. While credit unions are not "officially" chartered as banks, similar to other thrift institutions (savings and loan associations and mutual savings banks) they do function comparable to any traditional bank, offering a wide range of deposits, loans, and other financial services.
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors seeking to buy either a coffee cup commemorating the first day of spring or a printer that works with your stockpile of ink cartridges. Be on the lookout for rusty deck screws.
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Lombard Street is London's equivalent of New York's Wall Street.
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"The road to success is always under construction. " -- Lily Tomlin, Actress
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NLS
National Longitudinal Survey
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