mini-Madoff n.— «Their names lack the Dickensian flair of Bernie Madoff, and the money they apparently stole from investors was a small fraction of the $50 billion that Mr. Madoff allegedly lost of his clients’ savings. But the number of...
donut economy n.— «Economists now refer to the US as having a “donut economy”- it is hollowed at the center, heavily reliant on cheap imports from China, excessive military spending and a corrupted stock market to drive it. The US...
sell away v. phr.— «Lovegren persuaded clients to put money into his schemes, a practice called “selling away” in the brokerage industry. The investments amounted to little more than a Ponzi scheme in which no real investments are made...