Many societies have attempted to control how money is earned, saved and spent.
This seems to have been an attempt to create a centrally planned economy, to
create a certain psychological state in the citizen, and to keep wealth
within the national borders.
Here is the case of ancient Sparta. According to Plutarch, the semi-legendary founder of Sparta, Lycurgus, mandated that money be iron trinkets rather than the more common gold and silver of the time.
You couldn't possess gold and silver, or any other objects that conceivably could store value, And the iron trinkets themselves were treated in such a way they could not be melted down and made into other iron objects.
It was difficult to earn, spend or save other kinds of money outside the official rules. It might be done, but was difficult and also illegal.
So you're stuck doing what the system wants you to do.
And most people won't even think to notice this.
Thursday, February 25, 2016
Monday, February 15, 2016
Business Statistics Demystified
You need a good introduction to a HARD topic. Written to get you started, and as intelligent as you are.You already know what the median and mode are; you need a discussion of Bayesian probability, or 12 ways of looking at correlation, or population distribution, etc.
Enter the wonderful Demystified series.
We're looking at business stats today. So check out these out and get caught up:
Business Stats Demystified.
Stats Demystified
Probability Demystified
Enter the wonderful Demystified series.
We're looking at business stats today. So check out these out and get caught up:
Business Stats Demystified.
Stats Demystified
Probability Demystified
Thursday, February 11, 2016
Where to Research Bonds @ Alkek
Here's how to find current bond prices, specific securities available (including corporates, sovereigns, municipals and more), coupon rates, CUSIPs, upgrades and downgrades and more.
Mergent Annual Bond Record (print): Corporate, Municipals,
government plus exhaustive entries for these categories. Moody's ratings, bond coupon rate, CUSIPs, ratings up and downgrades,
Mergent Bond Record (print/recent): Corporate (including
international), Government, Convertibles, Features Moody's ratings, when issued, amount outstanding, currency, etc.
Mergent Manuals (electronic resource - industrials, municipals, utilities and
more) should have complete issuance up to the date, plus 52 week high and low
for those.
Standard and Poor's Netvantage (electronic): Features a corporate bond screener. Search by parameters if desired or by issuer/CUSIP. Current trading price, yield,
etc.
PLUS DON'T MISS:
The Bloomberg Terminal in 4th floor Alkek Computer Lab. Features current trading conditions on any security you could want.
You could also search back issues of the Wall Street Journal. You can oftentimes find the original issuance announcement as well as other information.
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