Category: Finance

Victor Dubreuil - 'Money to Burn', 1893

Interest rates

Since many enrolled in the clergy are pursuing avarice and shameful profit, and have forgotten the saying of Sacred Scripture: “who has not given his money in usury,” and when they offer loans, they charge a percent, this holy and great Synod justly establishes that if anyone will be found,...

Black Monday

On October 19, 1987 stock markets around the world crashed, a global financial crisis which started from Hong Kong and was spread to Europe and the United States as well. It came be to known as the Black Monday. Wall Street went mad. The Dow Jones Industrial Average fell 508...

Dow Jones Industrial Average

The Dow Jones Industrial Average(DJIA), often simply referred to as the “Dow Jones”, is one of the market average indices, which measures the price-weighted average of the 30 large publicly owned companies traded on the New York Stock Exchange. The index, illustrating how big industrial companies are performing in general,...

Moral Hazard

Moral hazard was first used in the insurance industry, but can also be observed in many other situations. The term refers to the negative behavior of an individual or a group being insured. When an entity is insured, they may take greater risks compared to when they were not secured...