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Episode 1365

Bump and Grind

Remember a few years ago when Amazon introduced that mysterious device called a Kindle? People worried that electronic readers would replace traditional books. Turns out the death of the hardcover was greatly exaggerated. Also, the expression...

back up the truck

back up the truck  v. phr.— «The safety of these securities caused financial firms to load upon on them (“back up the truck,” in Wall Street parlance). They were considered so safe that financial firms used borrowed funds to buy more, and...

secular

secular  adj.— «In Wall Street parlance, a very long period of falling or, at best, sideways-moving stock prices is termed a “secular” bear market. And there have been some doozies in relatively recent U.S. history...

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