hog
n.— «There are, however, a number of investors—for example, central banks and pension funds—that rely only on the rating agencies for their information. Thus they fail to act when the markets start moving, and are forced to act when the rating agencies admit that the quality of the bond is actually lower than was previously thought. These investors are called “hogs” in the market—they are fattened up and then slaughtered.» —“The robbery of the century” by Chan Akya Asia Times (Hong Kong, China) July 14, 2007. (source: Double-Tongued Dictionary)
Further reading
The word budget derives from French bougette, “leather bag.” An old phrase in English to open one’s budget, meant “to speak one’s mind.” The word purse is related to French bourse, a word for the stock market. This is part of a complete episode...
Quiz Guy John Chaneski is back with another Common Bonds game, in which the object is to figure out what one word links a trio of ideas. For example, what one word unites the following three things? A report card, USDA inspected beef, and an incline...