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Finance News - Economic Leaders
Finance news is a listing of some of the stories from and about leading economists and financial leaders from around the world.
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iPod Index 2008
CommSec iPod Index Review of World Currencies
According to the most recent CommSec iPod index, Australia is the cheapest place in the world to buy an iPod (as of October 2008), a reflection on the recent fall of the Australian dollar when measured against the U.S. Dollar. The iPod index is not a direct measurement of currency exchange rates, but is designed to provide price comparisons of the same goods when purchased in different countries by foreign buyers. The price comparisons are based on the iPod 8GB nano in the value of U.S. Dollars.
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Funny Business and Finance Terms
David Bond Funny Financial Terms
See the list of funny business and finance terms explained so that anyone can understand them. While they are meant to be humorous, there's also a lot of truth in many of them.
::: Read the Funny Finance Words
Review of the Economist Magazine's Big Mac Index 2008
Big Mac Index 2008 Review
The Economist magazine recently published their lighthearted look at world currencies with the 2008 Big Mac Index. World currencies are measured against the cost of a single Big Mac from McDonald's fast food restaurants in each country. Ideally there would be a wide range of products used to measure the value of a currency, but that wouldn't be nearly as interesting as using just a Big Mac.
::: Read Big Mac Index
The Subprime Aftermath: Lessons Learned
Al Jacobs How to Deal with the Subprime Loan Crisis
Though not quite as contemptible as an obscene four-letter word, the term “subprime loan” comes close. Those two words acquired a stigma over the past year as the real estate market essentially collapsed. It’s the rare financial analyst that fails to remind us how subprime lending resulted in nationwide misery. Unfortunately, after uttering that accusation, many counselors are remarkably imprecise as to exactly what constitutes a subprime loan.
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Review of the Economist's Big Mac Index 2007
Big Mac Index 2007 Review
The Economist magazine released their annual "Big Mac Index" for 2007. It's their lighthearted look at a subject that most people find dry and tasteless. I'm talking about purchasing-power parity or PPP, not the Big Macs (which may or may not be tasteless and dry). They look at world currencies and how fairly valued they are compared to the currency of different countries.
::: Read Big Mac Index

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