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Buffett Indicator
The Buffett indicator (or the Buffett metric, or the Market capitalization-to-GDP ratio) is a valuation multiple used to assess how expensive or cheap the aggregate stock market is at a given point in time. It was proposed as a metric by investor Warren Buffett in 2001, who called it "probably the best single measure of where valuations stand at any given moment", and its modern form compares the capitalization of the US Wilshire 5000 index to US GDP. It is widely followed by the financial media as a valuation measure for the US market in both its absolute, and de-trended forms. The indicator set an all-time high during the so-called "everything bubble", crossing the 200% level in February 2021; a level that Buffett warned if crossed, was "playing with fire". History On 10 December 2001, Buffett proposed the metric in a '' Fortune'' essay co-authored with journalist Carol Loomis. In the essay, Buffett presented a chart going back 80 years that showed the value of all "pub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wilshire 5000 To GDP Ratio
Wilshire may refer to: People *Wilshire (surname) Places *Beaumont-Wilshire, Portland, Oregon, a neighborhood in that city *Stonybrook-Wilshire, Pennsylvania, a community in that state *Mid-Wilshire, a neighborhood in Central Los Angeles *Wilshire Boulevard, a street in Los Angeles County *Wilshire Park, Los Angeles, a district in that city Buildings and commercial centers *Bullocks Wilshire, a notable building in Los Angeles, California *The Regent Beverly Wilshire Hotel, in Beverly Hills, California *Wilshire Center, Los Angeles, California *Wilshire Theater, Beverly Hills, California *Wilshire Grand Center, skyscraper in Los Angeles, California Heavy-rail stations *Wilshire/Normandie (LACMTA station), Wilshire/Normandie, Los Angeles County Metro Rail station *Wilshire/Vermont (LACMTA station), Wilshire/Vermont, Los Angeles County Metro Rail station *Wilshire/Western (LACMTA station), Wilshire/Western, Los Angeles County Metro Rail station Miscellaneous *LAPD Wilshire Division ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Everything Bubble
The expression "everything bubble" refers to the correlated impact of monetary easing by the Federal Reserve (and followed by the European Central Bank and the Bank of Japan) on asset prices in most asset classes, namely equities, housing, bonds, many commodities, and even exotic assets such as cryptocurrencies and SPACs. The term is related to the Fed put, being the tools of ''direct'' and ''indirect'' quantative easing that the Fed used to execute the monetary easing, and to modern monetary theory, which advocates the use of such tools, even in non-crisis periods, to create economic growth through asset price inflation. The term first came in use during the chair of Janet Yellen, but it is most associated with the subsequent chair of Jerome Powell, and the 2020–2021 period of the coronavirus pandemic. The everything bubble was not only notable for the simultaneous extremes in valuations recorded in a wide range of asset classes and the high level of speculation in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Monetization
The Economy monetization is a metric of the national economy, reflecting its saturation with liquid assets. The level of monetization is determined both by the development of the national financial system and by the whole economy. The monetization of economy also determines the freedom of capital movement. Long time ago scientists recognized the important role played by the money supply. Nevertheless, only approximately 50 years ago did Milton Friedman convincingly prove that change in the money quantity might have a very serious effect on the GDP. The monetization is especially important in low- to middle-income countries in which it is substantially correlated with the per-capita GDP and real interest rates. This fact suggests that supporting an upward monetization trend can be an important policy objective for governments. The reverse concept is called economy demonetization. Monetization coefficient The monetization coefficient (or ratio) of the economy is an indicator that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statista
Statista is an online platform specialized in market and consumer data, which offers statistics & reports, market insights, cosumer insights and company insights in German, English, Spanish and French. In addition to publicly available third-party data, Statista also provides numerous exclusive data via the platform. According to its own information, the platform offers more than 1,000,000 statistics on over 80,000 topics from more than 22,500 sources in over 150 countries and is accessed 31 million times a month (as of December 2022). The company claims to cover around 170 industries with its content. In 2022, Statista had more than 2 million registered users, with which the company generates around 140 million euros in revenue. Statista has been owned by Ströer Media since 2015, with an 81.3% stake. The company provides statistics and survey results, which are presented in charts and tables. Its main target groups are business customers, lecturers and researchers. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wilshire Associates
Wilshire Associates, Inc. is an American independent investment management firm that offers consulting services and analytical products and manages fund of funds investment vehicles for a global client base. Wilshire manages capital for more than 600 institutional investors globally representing more than $8 trillion of capital. Wilshire is also known for the creation of the Wilshire 5000 stock index in 1974 and more recently the Wilshire 4500 stock index. Wilshire operates from four business units: * Wilshire Analytics * Wilshire Consulting * Wilshire Funds Management * Wilshire Private Markets Wilshire is headquartered in Santa Monica, California, with offices in the U.S. in New York, New Jersey, Pittsburgh, Chicago and Denver as well as internationally in London, Singapore, Amsterdam, Melbourne, Suzhou and Hong Kong. History Wilshire was founded in 1972 by Dennis Tito, who was an early pioneer of applying computer-based technologies to investment applications. Since the e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GDP Deflator
In economics, the GDP deflator (implicit price deflator) is a measure of the money price of all new, domestically produced, final goods and services in an economy in a year relative to the real value of them. It can be used as a measure of the value of money. GDP stands for gross domestic product, the total monetary value of all final goods and services produced within the territory of a country over a particular period of time (quarterly or annually). Like the consumer price index (CPI), the GDP deflator is a measure of price inflation/deflation with respect to a specific base year; the GDP deflator of the base year itself is equal to 100. Unlike the CPI, the GDP deflator is not based on a fixed basket of goods and services; the "basket" for the GDP deflator is allowed to change from year to year with people's consumption and investment patterns. Calculation Measurement in national accounts In most systems of national accounts the GDP deflator measures the ratio of nominal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Finance Institute
Corporate Finance Institute (CFI) is an online training and education platform for finance and investment professionals, providing courses and certifications in financial modeling, valuation, and other corporate finance topics. These are the skills CFI deems important for modern finance - such as Microsoft Excel, presentation and visuals - as well as underlying knowledge of accounting and business strategy. CFI is a provider of certification programs including Financial Modeling & Valuation Analyst (FMVA), Commercial Banking & Credit Analyst (CBCA), Capital Markets and Securities Analyst (CMSA), and Business Intelligence and Data Analyst (BIDA). All CFI courses are delivered online. The organization was incorporated as a joint venture with MDA Training (MDA), a London-based financial training company founded in 1988 by Professor Walter Reid, who was one of the founding professors of the London Business School (LBS). In 2021, Corporate Finance Institute acquired Macabacus, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Bank Of St
Federal or foederal (archaic) may refer to: Politics General *Federal monarchy, a federation of monarchies *Federation, or ''Federal state'' (federal system), a type of government characterized by both a central (federal) government and states or regional governments that are partially self-governing; a union of states *Federal republic, a federation which is a republic *Federalism, a political philosophy *Federalist, a political belief or member of a political grouping * Federalization, implementation of federalism Particular governments *Federal government of the United States **United States federal law **United States federal courts *Government of Argentina *Government of Australia *Government of Pakistan *Federal government of Brazil *Government of Canada *Government of India *Federal government of Mexico * Federal government of Nigeria *Government of Russia *Government of South Africa * Government of Philippines Other *''The Federalist Papers'', critical early arguments in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Economic Data
Federal Reserve Economic Data (FRED) is a database maintained by the Research division of the Federal Reserve Bank of St. Louis that has more than 816,000 economic time series from various sources. They cover banking, business/fiscal, consumer price indexes, employment and population, exchange rates, gross domestic product, interest rates, monetary aggregates, producer price indexes, reserves and monetary base, U.S. trade and international transactions, and U.S. financial data. The time series are compiled by the Federal Reserve and many are collected from government agencies such as the U.S. Census and the Bureau of Labor Statistics. Services ALFRED (Archival Federal Reserve Economic Data) lets users retrieve vintage versions of economic data that were available on specific dates in history. The ALFRED website states that “In general, economic data for past observation periods are revised as more accurate estimates become available. As a result, previous vintages of data ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Double Irish Arrangement
The Double Irish arrangement was a base erosion and profit shifting (BEPS) corporate tax avoidance tool used mostly by United States multinationals since the late 1980s to avoid corporate taxation on non-U.S. profits. It was the largest tax avoidance tool in history and by 2010 was shielding US$100 billion annually in US multinational foreign profits from taxation, and was the main tool by which US multinationals built up untaxed offshore reserves of US$1 trillion from 2004 to 2018. Traditionally, it was also used with the Dutch Sandwich BEPS tool; however, 2010 changes to tax laws in Ireland dispensed with this requirement. Despite US knowledge of the Double Irish for a decade, it was the European Commission that in October 2014 forced Ireland to close the scheme, starting in January 2015. However, users of existing schemes, such as Apple, Google, Facebook and Pfizer, were given until January 2020 to close them. At the announcement of the closure it was known that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Havens
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner ( non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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