When the unexpected occurs and changes our view of stock market risk, we call it a black swan or fat tail because it is far from the mean of a bell curve.
Although people in the eurozone want a single currency and their leaders want unity, monetary union problems create political distrust and disunity.
To the dollars families spend on children, we can add the cost of stress from the time we devote to developing a child’s human capital.
In financial markets, data security relates to the timing of data releases because premature releases or leaks unfairly favor one group of investors.
While many nations have deposit Insurance and China will have theirs very soon, the quality and the confidence in different deposit insurance schemes vary.
An historical perspective and a look at what is owed, to whom and when provides insight about the culture and complexities of Greek sovereign debt.
Although paper currency is just one part of a money supply, a special design like Norway’s new kroner notes conveys an inspirational message.
In the U.S. the Federal Reserve tried to introduce metal dollar coins into the money supply but currency demand indicates that people prefer paper.
With the U.S. hitting a debt ceiling that is equal to the GDP, concern over U.S. spending is growing as the Congress again decides how to avoid a default.