Chimerica n.—Gloss: The symbiotic Chinese-American financial relationship, in which there is a great trade imbalance as Americans save little and buy lots, and there is a great investment in American Treasury bills and the dollar by the Chinese...
narrow bank n.—Gloss: A bank that handles only basic banking and does not get involved in complex investment programs. «Jon Molton made the point in arguing for “narrow banks”—institutions that just do basic banking. “Transparency doesn’t cut it...
dry powder n.—Gloss: Capital readily available for investment. «Capital available for secondary deals—what the industry calls dry powder—is about $12 to $15 billion, said Small, whose company manages some $4.2 billion of secondaries.» —“ANALYSIS...
nuclear winter n.—Gloss: A period in which investment capital is very hard to come by. «I invest in Silicon Valley companies. In 2001-2004 there was a nuclear winter for deal flow dried up almost 100%. Lots of people going back to business school...
hydraulicking n.— «It’s not unheard of, particularly in the area of investment apartments and the practice of same-day selling, when a property is bought and sold by a middleman with a friendly valuer and a gullible end purchaser. The practice is...
resource curse n.— «Although economic growth is a key ingredient to poverty reduction, some academics have formulated the “resource curse” theory, which, broadly stated, includes the proposition that an economy blessed with abundant, but finite...