flight to cash
n.— «Isn’t it odd that when a financial crises threatens to get underway today hot money rushes to turn just about everything into fiat paper dollars? In something that has come to be called a “flight to cash,” for a little while it seems that just about everything is being sold at the same time, equities, commodities, even gold and silver.» —“Got Gold Report—Big Markets Worry, Gold Market Sleeps?” by Gene Arensberg Resource Investor Aug. 12, 2007. (source: Double-Tongued Dictionary)
Further reading
It was a dark and stormy night. So begins the long and increasingly convoluted prose of Edwards Bulwer-Lytton’s best-known novel. Today the annual Bulwer-Lytton Contest asks contestants for fanciful first sentences that are similarly...
When there’s no evening meal planned at home, what do you call that scramble to cobble together your own dinner? Some people apply acronyms like YOYO — “you’re on your own” — or CORN, for “Clean Out your Refrigerator...