zirp n.— «The United States is repeating a Japanese experiment with a zero in one of the most important variables in financial markets: the official overnight interest rate. The so-called zirp, an acronym for zero interest-rate policy, is...
roll rate n.— «We’re in the late stages of the financial disaster of 2008, but another crisis looms: The consumer recession. According to the Wall Street Journal, more and more credit-card holders are falling behind on their payments and...
core-core index n.— «If we look at what is known as the “core-core” index (which strips out both energy and fresh food) then we can see that it is far from clear that Japan ever really escaped from the deflation trap, since...
zombie economy n.— «Yuen Pau Woo was the economist responsible for Japan in Singapore’s central bank when the Japanese bubble—helped by a run-up in real estate prices that made Park Ave. co-ops look affordable—caused the world’s second...
money bomb n.— «Munger got the money for the ads by holding a focused online fundraiser—a “money bomb,” in the parlance of the Ron Paul presidential campaign, although Munger said his modest effort was more like a “money...
table-pounding buy n.— «Like Mr. Fosback, the firm’s analysts found that the stock market typically hit bottom six months after a recession began, and that at such times the stock market was a “table-pounding buy.”» —“An Alarm...