Archive for 06/2011

Lehman Moment

Lehman Brothers was a financial firm that collapsed quickly in 2008; its September 2008 bankruptcy filing created a world financial panic. The term "Lehman moment" (or "Lehman…

CRIMEX (COMEX nickname)

The COMEX (Commodity Exchange, Inc.) is part of the New York Mercantile Exchange (NYMEX), the world's largest physical commodity futures exchange. Both gold and silver trade on the COMEX.…

Wall Street Refiner

"Wall Street refiner" is a term that began in 1987-88, when Wall Street financial institutions became involved in the oil business. Wall Street has no refineries, of course. Firms such as…

Dumb Money

"Dumb money" is money from the average investor (a small, unsophisticated investor). The term "dumb money" has been in common use since at least 1985. The term "smart…

Smart Money

"Smart money" -- money that sophisticated, high-rolling people spend -- is a term that has been used in horseracing since at least 1893. The term "smart money" has also been…

Wait-a-Burger (Whataburger nickname)

Whataburger is a fast food restaurant (specializing in hamburgers, such as the "Whataburger") that began in Corpus Christi, Texas, in 1950. Some critics claim that Whataburger takes…

Deskfast (desk + breakfast)

"Deskfast" (desk + breakfast) is a breakfast eaten at an office desk. The breakfast usually consists of simply prepared, ready-to-eat foods. Fantastic Foods of Petaluma, California,…

Jingle Mail

Entry in progress -- B.P. Wiktionary: jingle mailNounjingle mail (uncountable)1.(neologism) The practice of posting one's house keys back to the mortgage company because of negative equity or…