For most of human histor y societies have functioned without money. The development of tokens to represent value is a relatively modern development and for thousands of years those tokens were deemed to have an intrinsic value. It is only in the last 500 years or so that money has been represented by tokens with [...]
Archive of posts tagged Banking
Functions and Roles of Money
Money is a commodity that we tend to take for granted. Most of us think of money as cash, but cash is just a small por tion of broad money. Most financial transactions are conducted using checks, electronic transfer of funds or credit cards. Economists have a number of different definitions of money. We do [...]
Low Price-to-Earnings Ratio
It sounds very clichéd, but low P/E stocks in the micro cap world will ultimately be recognized. Many academic and investment studies point to low-P/E stocks as a powerful indicator of future stock performance. It is important to note that the low P/E in the micro cap world is the trailing or historic P/E. Because [...]