COMMERCE 3FB3 Lecture Notes - Lecture 1: Root Mean Square, Petro-Canada, Financial Engineering
14 Oct 2016
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Document Summary
Tulip mania: was a period in the dutch golden age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed. A bull market is a nancial market of a group of securities in which prices are rising or are expected to rise. The opposite of a bull market is a bear market, which is characterized by falling prices and typically shrouded in pessimism. In market parlance, the great bull market of the 1990s turned into the bear market of the new millennium. Real investment only occurs when a corporation takes capital and invests it in productive assets; Real assets, which determine the productive capacity of the economy. These real assets are the land, buildings, and machines, even the knowledge, necessary to produce goods, together with the workers and their skills in operating those resources. Financial assets, such as stocks or bonds.
