What Was the Foreclosure Crisis? The foreclosure crisis was a period of drastically elevated property seizures in the U.S. housing market between 2007 and 2010. The foreclosure crisis was one aspect of the financial crisis and Great Recession that developed during this period. The excessive extension of mortgage credit, complicated schemes of mortgage debt securitization,…
Graffiti on pubs, jokes in shops and even honest people rising up against oppression with permanent markers: can we really call it vandalism if it’s funny AND it helps people ? You have five hours. 1. Graffiti is a crime (funny) 2. These toilets are currently unusable, please use / the children’s ball pit (Ronald’s…
Experience Peter H. Westfall is a distinguished professor of information systems and quantitative sciences at Texas Tech University. He has a PhD in statistics and 30+ years of teaching, research, writing, and consulting experience. Peter teaches and performs statistical research with a focus on advanced statistical methods, regression analysis, multivariate analysis, mathematical statistics, and data…
In recent days, in western New York State in the United States, the inhabitants have hit a devilish snowstorm (if you forgive me the expression), which has led them to find themselves under a huge layer of 1m80 powder. Even in this area, where winters are usually harsh, such a large amount of snowfall is…
What Is the Composite Index of Lagging Indicators? The Composite Index of Lagging Indicators is an index published monthly by the Conference Boardused to confirm and assess the direction of the economy’s movements over recent months. Key Takeaways The Composite Index of Lagging Indicators is a composite economic indicator that lags behind changes in the…
Fashion is super cool, it’s rich people who decide when you should stop wearing the clothes you bought with the little money you have to buy new ones while yours were still in good condition. But despite this, fashion also suffers from bad sides, such as the theft of designs or artistic works to put…
What Is a Debt Bomb? A debt bomb is a situation occurring when a major financial institution, such as a multinational bank, defaults on its obligations which, in turn, causes disruption not only in the financial system of the institution’s home country but also in the global financial system as a whole. Key Takeaways A…
Classifying the series is always complicated, we know something about it because we spend our time doing it. We can always talk about the funniest series, the saddest series, or even the best beginnings of series, but that will always remain quite subjective. So today, let’s take a hyper-objective criterion of quite relative interest: the…
What Is a Trust Indenture? A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholder’s interests by highlighting the rules and responsibilities that each party must adhere to. It may also indicate where the income stream for the bond is derived from. key…