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 combined with a nearly infinite quantity of government borrowing. The government is expected to try to stimulate the economy, which is well into what looks like a bad recession, with as much as $850 billion of new debt.» —“A Clever Move by Credit Suisse” by Rob Cox, Edward Hadas New York Times Dec. 18, 2008. (source: Double-Tongued Dictionary)
Further reading
Enthusiastic book recommendations! Martha’s savoring the biography of Alexander von Humboldt, the 19th-century explorer, polymath, and naturalist who revolutionized our understanding of nature and predicted the effects of human activity on...
In Japanese, the word san (さん) means “three” and kyuu (きゅう) means “nine.” Said together, the words sound like English “thank you,” so back in the 1990s, when pagers were all the rage among Japanese teens, typing 999 was a quick way to punningly...