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Random article: Philadelphia Federal Index

Business index of the Federal reserve bank, or Philadelphia Federal index represents results of surveying industrial managers of Philadelphia enterprises about their attitude to current economic conditions and further business outlook. The value below zero signalizes about negative trends in the US economy. The index is published on every third Thursday of month at 10:00 a.m EST (New York). Market response to the index is minor. Its growth favorably influences consolidation of national currency. Since the value is published shortly before NAPM index, it is closely watched and then forecast on expected national PMI is made.

Popular article: The Pareto principle in trading

According to official sources, the Pareto Principle was named after the economist and sociologist Vilfredo Pareto, who was born in Paris in 1848, but was Italian by nationality. From 1906, he began to notice certain economic patterns. For example, he noted that 80% of the land in Italy belonged to 20% of the population. Then, he formulated the principle, noting that 20% of the pods in his garden contained 80% of the peas. These and other regularities led to the fact that Vilfredo Pareto developed the “80/20 Rule”, which in general form looked as follows: 80% of the effects come from 20% of the causes.

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