How Brokerage Cash Sweeps Work: Bank Sweeps vs. Money Market Funds
Compare bank deposit sweeps, brokerage cash and money market funds by legal form, FDIC or SIPC treatment, liquidity and the questions to check before choosing.
investing basics
Savings Accounts vs Treasury Bills: Tax, Safety, and Liquidity
Compare hypothetical after-tax yields, deposit coverage, Treasury backing, and access to cash using primary government sources.
How Chapter 11 Bankruptcy Works: Restructuring, Debt, and Stock
Discover how Chapter 11 bankruptcy works, including DIP financing, the absolute priority rule, creditor voting, and what really happens to common stock.
The Buffett Indicator: What It Measures and When It Fails
The Buffett Indicator compares total stock market value to GDP. Here is how the formula works, historical valuation tiers, and why the ratio can mislead.
Asset-Backed Securities (ABS) Explained: Structure & Tranches
Learn how asset-backed securities (ABS) turn loans into liquid bonds, how tranche waterfalls work, and how credit enhancement protects senior noteholders.
How Automated Market Makers Work: AMMs and Impermanent Loss
Learn how automated market makers use liquidity pools and constant product formulas to price trades, and how to calculate impermanent loss.
Stock Index Futures Explained: Fair Value, Basis, and Pricing
Learn how stock index futures work, how fair value and basis are calculated using the cost-of-carry model, and how premarket trading forecasts market opens.
Securities Lending Explained: How Share Loans & Rebates Work
Understand how securities lending works, how cash collateral is reinvested, how rebate rates are calculated, and what hard-to-borrow specials cost borrowers.
The Prime Rate Explained: How It Is Set and What It Moves
Learn what the prime rate is, how banks set it 300 basis points above the Fed funds rate, and how it directly affects credit cards, HELOCs, and loans.
Fed Floor System: How IORB and ON RRP Set Interest Rates
Discover how the Federal Reserve’s floor system controls interest rates using administered rates like IORB, the ON RRP facility, and the discount window.