We have all heard of the oil boom in North Dakota. For the past few years, oil specialists have been utilizing a relatively new method of extracting oil from underground called fracking (which is short for hydraulic fracturing). Until recently there was no way to get at these vast quantities of oil deep beneath the…
Despite the fact that unemployment rate in Florida is steadily getting lower month after month – now it is just 6.4% judging by the data from November 2013 (as compared to 8% in November 2012), finding a good job can still be a problem. Taking into account recent economic recession, it is only logical that…
The repeal of Glass-Steagall in 1999 opened the floodgates for what is sometimes referred to as the “new science of risk management.” Value-at-risk models, or VaR, describe measures financial institutions use to determine potential loses in a given time period. Risk managers give traders an upper limit they can possibly lose on a particular endeavor…
Markets around the world are often influenced by key economic events. These events include employment figures. Employment data can be correlated with economic performance, feeding into key economic factors such as production and consumption. This in turn impacts market activity across a range of product sets. From gold trading right through to FX pair value…
I set a lot of goals for myself when I was younger and one of them was to purchase a car the moment I turned 16 with a drivers license in hand. While I was lucky enough for my parents to cover the insurance, as I was still on their policy, they made me pay…
You have probably seen the news lately about how the student interest loan rate doubled at the beginning of the month. With all the coverage, there is bound to be some misinformation, and before panicking, make sure you understand just how it will affect you. Politicians and the media like to play things up for…