A cartoon in The New Yorker on November 5, 1990, by Leo Cullum (1942-2010), had a banker explain to his clients: "Your money was working for you, but it suddenly quit and now it's working…
"Your network builds/creates/determines/is your net worth" is a business saying that states that who you know (your network) can determine what you have (your net worth). "Your…
"Your self-worth is more important than your net worth" is a popular saying that has been credited to several people. "Self worth is better than net worth" was cited in print in…
The Chinese currency called the "yuan" has resulted in many English puns with the words "one" and "you won." "Pun of the day: The Yuan and the Restless (i heart…
"Odd She was confident a week ago. #fedgibberish" was posted on Twitter by Michael Lebowitz on July 13, 2017. "#FedGibberish!" (Federal Reserve + gibberish) by…
The "3-6-3" rule or formula in banking meant that a bank gives 3% interest on accounts, charges 6% interest on loans, and the banker is to be found on the golf course by 3 p.m. The…
The blog Zero Hedge, on April 8, 2013, published "Invest In '3:30 PM Ramp Capital LP' For 26.6% Annualized Outperformance." The New York Stock Exchange closes at 4 p.m.; at 3:30…
"ATM" is an acronym from "automated teller machine" or "automatic teller machine." However, many people believe that "ATM" stands for "access to…
"Agflation" (agriculture + inflation) means agricultural commodity price inflation. The Wall Street Journal, on April 30, 2007, credited the term to the financial firm of Merryl Lynch,…
The American International Group, Inc. (AIG) is an insurance company with headquarters in New York City. In September 2008, the U.S. federal government provided the company with billions in credit…
"ALICE" is a acronym for "Asset Limited, Income Constrained, Employed." Members of the ALICE class work to earn just enough to get by; anything unexpected -- such as an illness…
The American International Group, Inc. (AIG) is an insurance company with headquarters in New York City. In September 2008, the U.S. federal government provided the company with billions in credit…
An "alligator spread" is a transaction is where the investor is unlikely to make much of a profit even if the markets move in the direction anticipated, primarily because the investor is…
Washington Irving (1783-1859) was America's first great writer, and he authored the great American expression "the almighty dollar." (Oxford English Dictionary)almighty, a.…
The debt problems of the United States have frequently been compared to the credit card problems of average Americans. References have been made to America's "national credit card"…
The "amero" is the name of a proposed currency for the countries of North America (Canada, United States, Mexico), similar to the euro in Europe. The Canadian dollar, the United States…
Investopedia defines an "angel bond" as a bond that has a lower interest rate because of the issuing company's high credit rating. "Angel bonds" are said to be the opposite…
Gold has frequently been called the "anti-dollar." When the dollar is worth less, the price of gold (in dollars) increases. The "anti-dollar" nickname for gold became popular by…
Mark Thornton, an American economist of the Austrian School and a senior fellow with the Ludwig von Mises Institute, wrote in The Quarterly Journal of Austrian Economics (Winter 2003):…
The term "app economy" became popular in 2008 and 2009, with the development of mobile applications ("apps"). "The 3 U's: A Model for 'Advertising' in the…