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 $15 or $20 if you want a shirt  You have 2 more weeks to order a shirt, 3 weeks to pay dues

 President  Vice President  Director of Marketing  Director of Group Simulations  Director of Technology  Officer of External Affairs  Secretary

 Considering moving meetings to the University Capital Center (2 nd floor of mall)  Opinions?

 A stock represents a percentage of ownership in a company.  When you INVEST in STOCKS you buy “shares” of that company.

 The percentage of the company you buy with each share depends on the total number of shares available (shares outstanding)  Shares Outstanding - Stock currently held by investors, including restricted shares owned by the company's officers and insiders, as well as those held by the public Source: Investopedia.com

 Found via their TICKER SYMBOL  1 to 4 letters in length  Citigroup= C  Alcoa = AA  Bank of America= BAC  Apple = AAPL

 Stock Price = Market Cap ÷ Shares Outstanding  Example: (CMG)

 Google Finance  Yahoo Finance  Your online broker  Bloomberg.com  Morningstar.com  Investopedia.com  CNBC.com  Rueters.com

 Answer: The Stock Market

 Where shares of stock are traded  Several different exchanges: NYSE, NASDAQ, AMEX  International Markets  You need a broker to buy the stock for you

 Divided into SECTORS  Basic Materials, Conglomerates, Consumer Goods, Health Care, etc.  Within these SECTORS they are further divided into INDUSTRIES  Every company is listed in a sector within an Industry.

Index1 Week DOW JONES 4.8% S&P % *As of market close 9/16/11

Why does Europe Matter… Europe is a $14 trillion economy. If it collapses, it could drag the U.S. into a recession or depression.

 The First time our Treasury Secretary has taken his duties overseas.  He is urging the EU to “act decisively” and to speak with one voice

 Take Steps towards improving Fiscal Unity in the EU  Capitalizing the Banks  Increasing emergency funds

Fiscal Policy- Government spending policies that influence macroeconomic conditions. These policies affect tax rates, interest rates and government spending, in an effort to control the economy.

 The EU doesn’t have fiscal policy because they have 17 diff countries & gov’ts  U.S. does have Fiscal because we have one Federal Gov’t  Obama’s $450 billion dollar stimulus plan  Debt Ceiling Debate

Good News Out of Europe Play 2:30-7:00 Thu 15 Sep 11 | 12:30 PM ET

Austerity- A state of reduced spending and increased frugality in the financial sector. Austerity measures generally refer to the measures taken by governments to reduce expenditures in an attempt to shrink their growing budget deficits.

 Will be a good thing for Europe in the long run.  Too difficult for them to grow with that much debt  If Greece leaves the EU, Portugal could be the next in line

 Interest Rates that banks borrow at  Current Fed Rate ≈0.25%  Quantitative Easing ( AKA: “QE” )  Printing money  Money Supply  More money in the system = weaker dollar, higher asset prices  Less money in system = stronger dollar, lower prices

 Maximum Employment  Price Stability

 Ben Bernanke aka “Helicopter Ben”  Federal Reserve Chairman  Saved us from a depression  Expert in the Great Depression  Greatest concern is deflation  Has a target of 2% annual inflation

 QE3…..?  QE with a “Twist”?  Innovative method of reducing interest rates by exchanging short-term securities on balance sheet for longer dated securities  Ex: Selling 2 yr. notes on balance sheet and buying 30 yr. notes  Current balance sheet at $2.3 trillion

Bulls Make It Four in a Row Thu 15 Sep 11 | 07:01 PM ET