Financial Surveys & Statistics
Here are some random, but relevant statistics that I’ve collected the past week.
20% – Americans’ self-reported daily spending averaged $72 per day last week — up 20% from the prior week and 31% from the same week a year ago, and the most since the week ending Dec. 20. (Source: Gallup)
70% – The percentage of surveyed Americans who support using current bank regulators for consumer protection, backing positions held be the financial industry and Republicans over President Barack Obama’s proposal to establish an independent agency. (Source: Bloomberg News)
81% – The percentage of single-family-home mortgages in Las Vegas that are underwater, or owe more on the home than the property is worth, the most of any U.S. city. (Source: Zillow.com)
20% – A new survey by Allianz Life reports that employed Americans between 35 and 64 are 20 percent more likely to alter their financial strategies than retirees and those over 65. (Source: SeniorMarketAdvisor.com)
60% – Sixty percent of consumers aged 28-43 with an income of $75,000 or more have a paid financial advisor. (Source: LIMRA)
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Basically, chances of identifying some sort of new trading strategy that hasn’t already been incorporated by the market is slim. You’re up against hedge funds and investment banks that each employ dozens and dozens of quants who have years of experience, accumulated algorithms and insight on there side.
Not to mention the hedge funds have a huge advantage through reduced transaction costs and leverage, and that they can afford to be wrong. Assuming you trade daily, your program better be making correct calls to compensate for the transaction costs.
A financial survey: Why is it always so hard to find money to pay the rent but…………..?
Probability is simple. What is the probability of flipping a coin and getting heads? 50% since there are only 2 outcomes, heads or tails. A non-intuitive problem in Probability is called the Birthday Problem.
In order to implement monetary policy and carry out business operations effectively, the Bank conducts research on economic and financial conditions as well as the financial system and financial markets.
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