Economics, Financial Analysis, and Investment Risk

Free NASAA Series 65 (Uniform Investment Adviser Law Examination) lesson in Economic Factors and Business Information. 22 min read, ~3,293 words.

Business cycle order: expansion, peak, contraction, trough, then expansion always follows the trough and it repeats. Leading indicators predict turns; lagging indicators confirm them; coincident indicators measure the present. Fed raises rates to fight inflation and lowers rates to stimulate growth; bond prices move inversely to rates. Fed's monetary tools...

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