Brexit on the Docket for the UK

An In/Out Referendum takes place Thursday in Britain as voters head to the polls to decide whether or not to stay or exit the European Union. If you need a brush up on the issue here’s a quick summary. As a whole economists seem to be united that the short term...

What are Financial Assets? Securities, Gains

Companies need money to spend but their money comes from more places than just profit. There are a number of methods to raise money to finance activities including the following instruments: a) Debt Securities (contracts to repay with securities) – Bonds:...

Terms and Conditions of Loans and Mortgages

Terms and Conditions of Loans and Mortgages – Excel Loans are among the most significant financial transactions involving interest. Loan represents a contract between a borrower and lender. The borrower is provided by the lender with an amount of money, which is...

Universal Life Insurance Scams and Complications

You don’t think about insurance until you need it. When you decide it’s time to protect loved ones you face another problem: what to choose from among the gluttony of options? So you get a call amidst your decision from someone hawking universal life...

Incentives and Profit for Insurance & Drug Companies

Pharmaceutical companies are routinely called out for supposedly holding on to suspected cures because there’s no money to be made. Sometimes drugs are available but because the condition is comparatively rare is costs thousands of dollars for one treatment...

National Income Accounting Explained

Including Intro to Balance of Payments Here is a brief tutorial to aid newbie economists understand the constructs behind national income accounting and balance of payments (the two are related). To do so we’ll introduce the two measures of national income which...