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REGULATORY POLICY: Government policy based on government's ability to pass laws and enact regulations.
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BANK PANIC An economy-wide problem in the financial sector and the banking industry that triggers an economy-wide business-cycle contraction or even depression. Bank panics were common throughout the 1800s and early 1900s, during which time they where the primary cause of business-cycle downturns. Bank panics usually involved bank runs that spread from bank to bank throughout the economy.
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Junk bonds are so called because they have a better than 50% chance of default, carrying a Standard & Poor's rating of CC or lower.
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"Success is where preparation and opportunity meet." -- Bobby Unser, Race car driver
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WLLN
Weak Law of Large Numbers
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