Back to Basics: Understanding Market Terms and Phrasesby Tim Manni
Manish Jain of Zacks Investment Management breaks down the essentials of the financial market, “making sense of the current crisis of confidence,” explaining many terms and phrases, and answering some fundamental questions:
What exactly happened when “the markets froze” that caused the fear of a market meltdown and the need for a $700 billion bailout by the Fed?
What are LIBOR rates, and how do they affect the consumer?
What’s Commercial Paper, and why has its trading eased?
What are spreads and how do they relate to trading?
What are Mortgage Backed Securities?