Critique of Federal Reserve Podcast

The podcast I will be looking at is Ritu's and Frachesca.(http://mmoloneyiths.com/econ/podcasts/fed/retu-franchesca.mov) Their podcast was very good it was original. And it gave us a lot of information. The interview was perfect it was an original idea and it gave a lot of information. Some information I couldn't find and it was clear. And it made it very interesting to hear the images matched what they were saying it was very good. This podcast is very educational it answered the questions and it gave extra information. From this podcast I learned new things. The podcast is very clear and the podcast is very interesting. The podcast was very original I liked it.

Compound Interest and the Rule of 72

The compound interest rule is when you have money invested. And they pay interest to you because they use your money. So every year you gain money from interest and each year that passes you gain more money from the interest. And that's how you gain more money by the interest they pay you.

For example, if you were to invest $100 with compounding interest at a rate of 9% per annum, the rule of 72 gives 72/9 = 8 years required for the investment to be worth $200, an exact calculation gives 8.0432 years.

Insider Trading Scandal-What Happened?

The traders were caught the fraud occured because one of the traders was in debt with the other one. So they both agreed that one of the traders would tell him information about the stocks. So the other trader will know when to buy or sell the stocks. One of the traders was sharing information so that's illegal. They communicated by codes and to trade the money they went to hiding spots. They made a lot of money because they knew what to do and when the stocks were going to go up or down and when they could sell there stocks so they won't lose money. They shared information about the stocks that the way they made lots of money and they did different trades that will win them a lot of money. So they will be facing court for fraud.