Monday, Feb 01, 2010
More useful than the OED (Oxford English Dictionary)
Macro Man Blog: The Devil's Dictionary of Financial Terms
Some of the gems:
bail out, v. To selflessly save the global economy from depression and mass unemployment. If we hadn’t bailed out AIG, the unemployment rate would be 25% right now!
CDS, n. The simultaneous purchase of kindling, lighter fluid, matches, and fire insurance on your neighbour’s house.
house, n. An abode; an investment. Formerly an asset, now a liability.
leverage, n. The act of turning your problem into our problem.
Posted by nathan @ 09:46 PM (248 views) Add Comment
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