Nonprice methods of rationing will become more important

September 27th, 2009  ()  real estate › admin › Comments Off

Because price no longer rations rental housing, other forms of competition will develop. Landlords will rely more heavily on nonmonetary discriminating devices. They will favor friends, people of influence, and those whose lifestyles resemble their own. In contrast, applicants with many children or unconventional lifestyles, and perhaps racial minorities, will find fewer landlords who will [...]

Short Selling

September 26th, 2009  ()  Short Selling › admin › Comments Off

Shorting a stock involves selling a stock that an investor does not hold in the expectation that it can be bought back at a later date at a lower price. This provides a way to make absolute returns when stock prices are falling. Custodian banks act as facilitators to this process. Custodian banks approach their [...]