The British FTSE 100
Introduced in 1984, the FTSE 100 or informally the "Footsie" is an index of the 100 largest companies listed on the London Stock Exchange (LSE).
The FTSE 100 comprises the largest 100 qualifying British companies by market capitalization.
RUSSELL 2000 INDEX (^RUT)
Russell 2000 is a benchmark index for small-cap stocks, mutual funds, and ETFs.
Russell 2000 is considered an important US stock market index for measuring the performance of small-cap stocks. The index includes around two thousand small-cap companies, and it is a subset of the Russell 3000 index. Note that the Russell 3000 includes more than 95% of all investable US markets.
Russell 2000 at a glance
Interest rates make the world go round. They are the most effective tool of central banks for controlling growth and stabilizing prices. The core interest rate of any economy is the federal funds rate, which is determined by the local monetary authority (i.e. FOMC and ECB).
What is the interest rate?
An interest rate is the amount of interest paid as a percentage of the amount lent, borrowed, or deposited.
Money serves two basic missions, one concerns its function as a medium of exchange, and the second, its ability to store wealth over time. For some individuals, money is cash, as you can easily spend it anywhere. For others, money is gold, as gold never loses value over time.
In 1912, J.P. Morgan stated before the US Congress, “Gold is money. Everything else is credit.”
In this context, we investigate whether different classes of financial assets can be considered money, by emphasizing their ability to preserve value over time.