word of the week Credit

Investopedia Definition¬†‘Credit’

Credit is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest. Credit also refers to an accounting entry that either decreases assets or increases liabilities and equity on the company’s balance sheet. Additionally, on the company’s income statement, a debit reduces net income, while a credit increases net income.

 

Bill Gross/David Rosenberg Video

Below is two YouTube video’s to watch.

Bill Gross, manager of the $2 billion Janus Henderson Global Unconstrained Bond Fund, talks about his current market view as he expects lower returns and holds a large cash position. His nick name is the Bond King. The video is 8:25 min enjoy ?

 

 

Gluskin Sheff chief economist and strategist David Rosenberg discusses the markets. The video is 5:50 min. enjoy.