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Thomas J. Basile (born October 22, 1975 [1]) is an American businessman, political commentator, and Republican politician in New York. He served in the George W. Bush administration in various capacities, including in Iraq , and was the executive director of the New York Republican Party from 2009–2011.
The peso problem in finance is a problem which arises when "the possibility that some infrequent or unprecedented event may occur affects asset prices". The difficulty or impossibility of predicting such an event creates problems in modeling the economy and financial markets by using the past.
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The peso is the monetary unit of several Spanish-speaking countries in Latin America, as well as the Philippines. Originating in the Spanish Empire , the word peso translates to "weight". In most countries of the Americas, the symbol commonly known as dollar sign , "$", was originally used as an abbreviation of "pesos" and later adopted by the ...
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"The survey's price gauge covering goods and services signaled only a marginal increase in prices in November, pointing to consumer inflation running well below the Fed's 2% target."
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The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States President Richard Nixon on 15th August 1971 in response to increasing inflation.