1. Sudden inability to afford luxury goods; 2, also used as term of approbation, as in "morally blingrupt;" (eg, wives who financially rightsize their luxury goods spending by divorcing up)
1. warning to those entering Washington DC; related to 2. malaise endemic to nation's capital. Thought to be treatable by being locked in a room with Ron Paul for several days, but that may be old Austrian wife's tale. (Hat tip, Rachel Geman)
The prevailing philosophy for running the financial services sector in the early part of the 21st century, signifying a failure of managerial oversight in both degree and kind. Related to misunderestimation. (Source: Will Coviello)
Increasing debt while simultaneously reducing the money supply. In banking, it is thought that defiscalation can only be thwarted by threats of defenestration. (See also creditastrophe)
A process of defiscalation by which banks recklessly gave away money, government recklessly give money to replace the money the banks gave away, which the banks then recklessly hold on to.
A celebration held in world capitals at various stages in a business cycle: in the expansion and at the peak of economic growth it tends to be better known as "a sure fire investment opportunity." It involves handing over large quantities of cash to a tanaholic guy considered a real investment maven by people on the golf course and - this is the crucial part of the ritual - not asking any questions about what said maven is going to do with it.
On the downside of the business cycle, it involves losing said cash, and possibly also the keys to the fancy car, house, pants, and most of all the dignity once presumed of every human in a finely tailored suit, which is to say that they're sentient and not from the planet Moronia.
A general term for what befell many Western economies in 2008, notably the U.S., Ireland, the United Kingdom, and Spain: people decided en masse to give their property back to the banks having never really owned it or anything else of value in the first place.
Hard, testosterone-fueled thinking about economics, business and investment, resulting in irrational exuberance, volatility, flaccid returns and significant regrets; adj, priaponomic
A condition, sometimes priaponomic, of desiring to read and hear more bad news about the economy. Synonymous with moving to Alaska for fear of social unrest in urban areas, and/or buying large quantities of tuna, beans, and semi-automatic weaponry
The act of using "truthy" statistics - such as the unemployment rate or the consumer price index. Yes, they're probably in the ballpark, but we're not quite sure how big the ballpark is.
Economic equivalent of logorrhea but with an effect more akin to actual dysentery.
Broadly refers to attempts to explain why trillions of dollars in the world economy suddenly ceased to exist in the fall of 2008.
Specifically, any attempt to explain an economic principle, process, or effect that fails to follow the linguistic conventions of syntax and sense.
Financial Times columnist Lucy Kellaway highlighted a perfect example of econorrhea in her 2008 Top Twaddle Awards. It came from a World Bank economist talking to the BBC World Service:
"In our base case simulation there is an upside case that, er, corresponds on the flipside of the downside case in kind of an adverse direction"
trevorbutterworth's Comments
Comments by trevorbutterworth
trevorbutterworth commented on the word dextroverse
Outgoing conservativism, dextrovert, dextroversion; antonym, sinistrovert, sinistroversion.
January 13, 2009
trevorbutterworth commented on the word pollianish
Poll or survey showing that things are too good *not* to be true, irrespective of margin of error
January 9, 2009
trevorbutterworth commented on the word frauditing
"Pretend" accountancy; accounting procedures and regulatory oversight made up on the fly or by innumerates.
January 9, 2009
trevorbutterworth commented on the word blingrupt
1. Sudden inability to afford luxury goods; 2, also used as term of approbation, as in "morally blingrupt;" (eg, wives who financially rightsize their luxury goods spending by divorcing up)
January 9, 2009
trevorbutterworth commented on the word drivelatives
Any financial product or instrument that resists explanation. Drivelatives typically generate scofit
January 8, 2009
trevorbutterworth commented on the word brokerers
Paradox: brokers who generate scofit for scofit
January 8, 2009
trevorbutterworth commented on the word bondage
Government issue of bonds
January 8, 2009
trevorbutterworth commented on the word davy jones index
Index of how deep the economy has sunk
January 8, 2009
trevorbutterworth commented on the word scofit
1.Illusory profit. 2. Remuneration for illusory profit
January 8, 2009
trevorbutterworth commented on the word quantitative teasing
Economic frottage: repeated suggestions that the Fed/Central bank will buy your fassets
January 8, 2009
trevorbutterworth commented on the word coda pop
What you drink when the bubble bursts and there is no more kool-aid (source - Rachel Geman)
January 8, 2009
trevorbutterworth commented on the word attention deficit disorder
1. warning to those entering Washington DC; related to 2. malaise endemic to nation's capital. Thought to be treatable by being locked in a room with Ron Paul for several days, but that may be old Austrian wife's tale. (Hat tip, Rachel Geman)
January 8, 2009
trevorbutterworth commented on the word misundermanagement
The prevailing philosophy for running the financial services sector in the early part of the 21st century, signifying a failure of managerial oversight in both degree and kind. Related to misunderestimation. (Source: Will Coviello)
January 8, 2009
trevorbutterworth commented on the word mutual fundament
Sphincter-clenchingly apropos
January 8, 2009
trevorbutterworth commented on the list trevorbutterworths-list
Brilliant Will - why don't you register and post them to the list? Or if you don't have the time, I can do it for you...
T
January 8, 2009
trevorbutterworth commented on the list trevorbutterworths-list
I deleted quantum deficits because its play on ideas in quantum physics... um...didn't quite work out...
January 8, 2009
trevorbutterworth commented on the user pollyanna
Hey - try come up with a neologism for post industrial, I want to have completely new coinages or usages on the list!
Thanks
Trevor
January 8, 2009
trevorbutterworth commented on the word detroitify
A situation where the taxpayer buys an industry but not its product.
January 8, 2009
trevorbutterworth commented on the word ayn randyism
Irrational, herd-like erotomania for the work of Ayn Rand among laissez faire economists.
January 8, 2009
trevorbutterworth commented on the word fassets
Fictitious assets, for example - the money we never *really* had in our 401k accounts
January 8, 2009
trevorbutterworth commented on the word fedatio
When bankers go on bended knee to the Federal Reserve
January 8, 2009
trevorbutterworth commented on the word stimulescence
A rise in optimism in response to economic stimulus
January 8, 2009
trevorbutterworth commented on the word post-industrial
Try and think of a new way of saying post-industrial. It's a bit old fashioned for our *new* kind of postindustrialization
January 8, 2009
trevorbutterworth commented on the word chair master
I like to think of it applying to someone who's really good at sitting - deft positioning of the chair, smooth descent, exquisite poise.
January 8, 2009
trevorbutterworth commented on the list trevorbutterworths-list
Depresslexia? How to speak Econorrhea?
January 8, 2009
trevorbutterworth commented on the list trevorbutterworths-list
I'll take suggestions pollyanna
January 8, 2009
trevorbutterworth commented on the word dollardrums (to be in the)
Despair over currency stagnation, specifically the dollar; also used colloquially to describe any negative feedback caused by OPEC pricing.
January 8, 2009
trevorbutterworth commented on the word doodoo economics
Successor to voodoo economics
January 8, 2009
trevorbutterworth commented on the word defiscalation
Increasing debt while simultaneously reducing the money supply. In banking, it is thought that defiscalation can only be thwarted by threats of defenestration. (See also creditastrophe)
January 8, 2009
trevorbutterworth commented on the word creditastrophe
A process of defiscalation by which banks recklessly gave away money, government recklessly give money to replace the money the banks gave away, which the banks then recklessly hold on to.
January 8, 2009
trevorbutterworth commented on the word derolexing
Deleveraging ostentation.
January 8, 2009
trevorbutterworth commented on the word fiscapocalypse
The meltdown of the world financial system involving the extinction of credit.
January 8, 2009
trevorbutterworth commented on the word ponzipaloosa!
A celebration held in world capitals at various stages in a business cycle: in the expansion and at the peak of economic growth it tends to be better known as "a sure fire investment opportunity." It involves handing over large quantities of cash to a tanaholic guy considered a real investment maven by people on the golf course and - this is the crucial part of the ritual - not asking any questions about what said maven is going to do with it.
On the downside of the business cycle, it involves losing said cash, and possibly also the keys to the fancy car, house, pants, and most of all the dignity once presumed of every human in a finely tailored suit, which is to say that they're sentient and not from the planet Moronia.
January 8, 2009
trevorbutterworth commented on the word the babyboombust
If you b-----ds think your kids are going to look after you now...
January 8, 2009
trevorbutterworth commented on the word defaultalot
A tragicomedy running on Main Street USA; associated with an uptick in national consumption of spam (the meat product, not the email kind)
January 8, 2009
trevorbutterworth commented on the word the unmortgaging
A general term for what befell many Western economies in 2008, notably the U.S., Ireland, the United Kingdom, and Spain: people decided en masse to give their property back to the banks having never really owned it or anything else of value in the first place.
January 8, 2009
trevorbutterworth commented on the word priaponomics
Hard, testosterone-fueled thinking about economics, business and investment, resulting in irrational exuberance, volatility, flaccid returns and significant regrets; adj, priaponomic
January 8, 2009
trevorbutterworth commented on the word depressimism
A condition, sometimes priaponomic, of desiring to read and hear more bad news about the economy. Synonymous with moving to Alaska for fear of social unrest in urban areas, and/or buying large quantities of tuna, beans, and semi-automatic weaponry
January 8, 2009
trevorbutterworth commented on the word quantum deficits
Our national debt is a gazillion dollars; no wait, it appears that our children's national debt is a gazillion dollars.
January 8, 2009
trevorbutterworth commented on the word quantum deficits
Our national debt is a gazillion dollars; no wait, it appears that our children's national debt is a gazillion dollars.
January 8, 2009
trevorbutterworth commented on the word derivilification
The perfection of economic modeling through hindsight
January 7, 2009
trevorbutterworth commented on the word bwanking
The eroticization of investment banking
January 7, 2009
trevorbutterworth commented on the word statisticry
The act of using "truthy" statistics - such as the unemployment rate or the consumer price index. Yes, they're probably in the ballpark, but we're not quite sure how big the ballpark is.
January 7, 2009
trevorbutterworth commented on the word econorrhea
Economic equivalent of logorrhea but with an effect more akin to actual dysentery.
Broadly refers to attempts to explain why trillions of dollars in the world economy suddenly ceased to exist in the fall of 2008.
Specifically, any attempt to explain an economic principle, process, or effect that fails to follow the linguistic conventions of syntax and sense.
Financial Times columnist Lucy Kellaway highlighted a perfect example of econorrhea in her 2008 Top Twaddle Awards. It came from a World Bank economist talking to the BBC World Service:
"In our base case simulation there is an upside case that, er, corresponds on the flipside of the downside case in kind of an adverse direction"
http://www.ft.com/cms/s/7518a0b8-dac8-11dd-8c28-000077b07658.html
January 7, 2009
trevorbutterworth commented on the word greenspanspin
Priapic exuberance for free markets resulting from Ayn Randyism
January 7, 2009
trevorbutterworth commented on the word the greenspinout
Derivative of Greenspanspin,when priapic exuberance for free markets ends in credit flaccidity and fiscal impotence.
January 7, 2009
trevorbutterworth commented on the word bankholing
Bank rolling a fiscal black hole (aka TARP)
January 7, 2009