In Finance, What is Churning?

Finance exists in everyone's daily behavior. Everyone in the life intentionally or unintentionally uses the laws of finance to make choices and choices. Consumption, investment, financial management, financing, and borrowing are all financial activities. What does the increase in the reserve requirement ratio indicate? How to hedge with futures? How to use compound interest to accumulate wealth? Is gold investment the best choice to fight inflation ... Finance is closely related to the happiness of each of us in our lives. "Understanding Finance from the Ground Up" systematically tells the basic theoretical knowledge of finance and its application in real social life from the financial terms of currency credit, bank interest rates, capital operations, financial institutions, and financial hot spots. There are no puzzling charts and equations, nor deep and obscure financial jargon. Instead, the basic structure of finance is used as the skeleton, and the living examples of life are used as flesh and blood. Everywhere, let readers quickly understand the whole picture of finance in happiness and enjoyment, and learn to observe and analyze various life phenomena with the perspective and thinking of finance, guide their behavior, and solve various problems in life. . ^[1]

Understand finance from scratch

By far the easiest, most playful and interesting financial statement. Read "Understanding Finance from Scratch," and you know everything about finance.
Learn some financial common sense every day to see how finance can change your life and work. Be a smart investor, even if you do nt have a rich dad, learning to invest in financial management can still support yourself!
"Reading Finance from Scratch" is suitable for beginners. The definition of a beginner is a person who can add, subtract, multiply, and divide. I've heard a few financial terms, but they don't even understand the principles of compound interest, stocks, futures, and real estate.
Understanding finance, understanding finance, and applying finance. Maybe the next Buffett is you!

Chapter 1 Most Popular Financial Knowledge to Read Chapter 1 To swim, you must first know how deep the water is-daily knowledge of financial market stock market: the temptation of ups and downs bond market: the "short leg"
Fund market: Savings are safely converted into investment futures market: Hovering between feasts and gambling on the foreign exchange market: The world's largest financial market Insurance market: Pulling a "safety rope" for the future
Options Market: Looking forward to future market innovation. Chapter 2 No one speaks Chinese this year, they all speak CPI-a daily barometer of financial terms, a country's "barometer" of economic conditions: GDP
GNP reflects the country's economic level
National Thermometer PPI
Gini coefficient: A measure of living standards. National credit: Bad loans behind the hot sales of treasury bonds: Achilles' heel of the banking industry. Business credit: Basic personal credit for business cooperation: Your exclusive financial ID. Righteous interest rate: Use. The premise of the interest rate payable of capital. The premise of benchmarking the interest rate. Chapter 3 After seeing the essence of money, you will understand the true meaning of finance. Every day, you will learn currency knowledge in a world without money. Good money and good money expelling bad money banknotes are the best way to make a country prosperous. The money after the year is different from the mysterious M / M / M in today's money supply.
Are we out of the Bretton Woods system? How much money does the society need to run? How fast and slow is currency circulation? The "money illusion" that makes your wallet more rampant
Euro: The Impossible Triangle and the Practice of the Optimum Currency Area Theory Chapter 4 Who is in charge of handling our "money"-daily knowledge of financial institutions Central Bank: The last lender Central Bank: The issuer of currency Central Bank Independence Nature: Subtle importance Commercial banks: Financial contexts throughout the country Policy banks: Looking forward to a gorgeous turnaround Insurance companies: Intangible insurance Tangible protection Investment banks: The end of an era Finance companies: Financial forces Trust and investment companies that have not been fully paid The trustee's agent financial institution stock exchange: let the securities continue to circulate to the Fed who owns Chapter 5 who protects "money" and pays attention to "invisible hands"-learn about financial supervision and regulation knowledge every day when Adam · Smith meets Keynesian fiscal policy and Laffer curve of macroeconomic regulation: Parabola drawn on the table serves as the main role of regulation of personal reserve income tax: income distribution regulator fiscal deficit: debt financial statistics affecting the national economy: Take the pulse "
Chapter 6 Those Who Stir the World Every Day-Get to know a little bit every day about the eight-generation Rothschild family of international financial giants. The Rockefeller Consortium's manipulator behind the financial tsunami. Goldman Sachs Morgan Consortium: Wall Street's "Napoleon"
Citigroup: The all-round financial supermarket with unlimited scenery. The Royal Bank of Scotland, which started from the acquisition. The next chapter takes care of the personal financial life. Chapter 7: How to Make Money, Save the Bank or Invest-Learn Everyday Money makes money. Personal financial management must outperform CPI in the era of negative interest rates.
Compound interest: The ubiquitous Matthew effect that the US government lied to save the shrinking wallet with gold investment Stock investment: Choose a growth stock fund: Safe and stable investment relatives of savings: Bond investment to seize the opportunity of futures investment High threshold, high return, trust product, real estate investment, how to expand the income, and small insurance insurance, Chapter 8: What to do when you are short of money, how to become a master of capital operation-learn financing skills every day: change money from "black" "White"
Private Equity Funds Lead China's Private Equity Stage Bill Discounting: Non-negligible Financing Tools Emerging Equity Financing Financial Leasing: A Combination of Ancient Industry and Modern Finance Using Pawns to Make Assets Flow and Buy a Shell: Financing Borrowing Souls Chapter 9 No One Can Escape Lost Financial Crisis-Learn the truth of the financial crisis every day. The Great Collapse: The prelude to the annual depression. The subprime crisis: the wind rises from the end of Qing Ping. Looking back at the Japanese financial crisis. The US bubble economy cannot escape the economic cycle. Irrational speculative bubble economy is overheating: Who is the last lender? Chapter 10 can buy a house in the past, only a bottle of wine today-pay attention to inflation, finance to learn about inflation and our life Century review: China's inflation Where does inflation come from? The head-to-head CPI inflation is not exactly equal to the anti-inflation fighter: Chapter 11: The Causes of Inflation Exchange rate: the focus of the game chaos. The exchange rate along the way determines the theory penetrates the mystery of purchasing power parity What does the appreciation of the currency exchange rate mean? Why does the RMB continue to appreciate? Chapter 12: Under the control of the property market, is the house price to the left or to the right? Rising purchase orders for RMB appreciation: Global capital stirs Chinese property market

Harvard University Professor of Economics, Man Kun has put forward five suggestions to college students in the United States: Learn economics, know the economic laws, and grasp their own lives. Learn statistics. Statistics is the most commonly used skill in reality. To learn finance, there must be a concept of life risk. Learn psychology and recognize the flaws of human reason, including your own. Believe in your intuition and passion, and properly ignore suggestions that you think should be ignored.
When many people talk about finance, they feel that it is the knowledge that professionals have contacted and used, and it has little to do with ordinary people. Actually, this is a misunderstanding. There is a series of very profound truths in an almost everyone's concept of finance, which can explain the various financial phenomena we encounter. Of course, it is not easy to understand the mystery without thorough research. do you know? That's why we like finance. In fact, this is exactly why finance is abused and misunderstood by most people.
In real life, we are always haunted by the shadow of finance. Every bit of daily life has a close or near relationship with finance. In fact, there are certain financial laws and rules behind every little thing. , Our lives are inseparable from finance. Looking at our lives using the principles of finance, in fact we are living in a financial paradise. We are always financial in our lives and financial everywhere in our lives.
In fact, finance is not like the moon hanging far from the sky, and it is impossible to reach; finance also has more than complex theories, advanced principles, and abstract mathematical symbols. In this book, finance is just an inseparable and interesting fact that is closely related to our real life.
Finance is an indispensable science. What does the rise in CPI have to do with our lives? Why do newspapers and magazines always talk about GDP? What is going on in the euro area? Why do you have to pay taxes to buy game coins ... These are small knowledge that is closely related to our lives. After understanding these, you will understand more thoroughly when you read the financial report.
Finance is a very interesting science. Why is "hot money" pouring into China? Why is the dollar more valuable than the yuan? What is the benefit of RMB appreciation? After raising interest rates, how can you not let your wealth be swallowed up by negative interest rates? Rice oil noodles, wine, vegetables and fruits are all going up in price. How to make your money "produce" money ... The accumulation and accumulation of financial knowledge can expand your horizons and increase your investment.
Finance is a very practical science. Finance exists in everyone's daily behavior. Everyone in the life intentionally or unconsciously uses the laws of finance to make choices and choices. Consumption, investment, financial management, financing, and borrowing are all financial activities. What does the increase in the reserve requirement ratio indicate? How to hedge with futures? How to use compound interest to accumulate wealth? Is gold investment the best choice to fight inflation ... Finance is closely related to the happiness of each of us in our lives.
Finance is an intelligent science. Understanding some financial knowledge can help us to understand more deeply the nature and truth behind the phenomena of life that are related to our happiness and success, so that we can make more intelligent and rational decisions when facing certain problems , To reduce the sunk cost of life, to maximize the benefits with the smallest investment. In short, whether you are managing a business or personal investment and financial management, you have to master some financial knowledge. Only by mastering financial knowledge will it become sensitive to financial policies, and then grasp the policy orientation in time to promote the growth and expansion of enterprises; at the same time, it will help individual investors to adjust investment and financial management structures in a timely manner, avoid investment and financial risks, and promote the preservation and appreciation of assets .
"Understanding Finance from the Ground Up" is a popular book on finance that systematically tells the basic theories of finance in terms of finance terms, principles, currency credit, bank interest rates, capital operations, financial institutions, and financial hotspots. Knowledge and its application in real social life. The book spreads common sense of economics in plain language and answers economic questions with ease. There are no puzzling charts and equations, nor deep and obscure financial jargon. Instead, the basic structure of finance is used as the skeleton, and the living examples of life are used as flesh and blood. The deep principles and mysteries of finance are inherent. Everywhere, let readers quickly understand the whole picture of finance in happiness and enjoyment, and learn to observe and analyze various life phenomena with the perspective and thinking of finance, guide their behavior, and solve various problems in life. .
Know a little about finance and be a modern person who can understand economic phenomena and flexibly use the laws of finance to serve life. In the process of easy reading, we will surely find that we have become more sober in our lives, more aware of choices and challenges in our work, more rational in consumption, and more wise in investment.
Errors in the book are unavoidable, so please criticize and correct!