I was reading an article today in the Newspaper by Dr Money. I found that the below terms are quite useful for those interested in the movement of the economy.
And here they are:
Recession - Refers to a period of at least six months of no growth in the economy.
Depression - Refers to a period worse that recession. There has not been a real term yet to define it.
Monetary Policy - Lowering or Increase of Interest Rates by government or central bank
Fiscal Policy - Government spending and tax cuts
Unemployment rate - Number of People (above 15 years old) who are not employed, but looking for employment divided by the number of unemployed plus employed people.
Foreign Currency Reserves - A central bank's holdings of Foreign currency such as USD, Euro, yen or gold. Usually this would guraantee the strenght and stability of a currency.
Interesting note that for the past two decades, Singapore had experienced a major recession in 1985 and 1997-1998 with exception of 2001 due to Sep 11 attacks. Would the year 2008 be the next major recession in a ten year cycle? The reason behind it was the booming property market and the bubble effect that had been going on from 2007. Let's stay tune and watch.
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Hi, this is Damien. I am very interested in earning real money from the Internet. The intention of this blog is to share with all what I have learnt and experience so far.
For those interested, I would add news, tips and articles which I wrote or found interesting here.
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For those interested, I would add news, tips and articles which I wrote or found interesting here.
For any one who is really interested in becoming an Internet Marketer or trying to earn extra money from working home, I urge you to check out the Wealthy Affiliates programme which is one of the best in the market.
Sunday, February 10, 2008
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