Churning
"Churning" occurs when a broker executes many trades on an investment account; the trades are not necessarily in the best interests of the investor (the client), but the trades are in the…
"Churning" occurs when a broker executes many trades on an investment account; the trades are not necessarily in the best interests of the investor (the client), but the trades are in the…
Citigroup Inc. is one of the largest banks in the world, but it required a federal bailout in 2008-2009 to survive. When the company's website went down in February 2009, website users…
A "clowngrade" (clown + downgrade/upgrade) is a foolish downgrade or upgrade made by a financial analyst. The term was coined by Joshua M. Brown on The Reformed Broker blog on February…
The Consumer News and Business Channel was launched on April 17, 1989; in 1991, the name was shortened to "CNBC." The nickname "CNBS" has been used since at least 2007 by those…
"Coinstipated" or "coinstapated" (coin + constipated) has several definitions. "Coinstipated" was cited in print in 2008. "Coinstipated: The result of swallowing…
The COMEX is the market where commodities such as gold, silver, copper and aluminum are traded. In 2015, it was reported that COMEX doesn't have the physical metals that it trades in.…
Silver has been called the "common man's (precious) metal" because it's a fraction of the cost of gold. The nickname "common man's metal" has been cited in print…
Entry in progress -- B.P, Wikipedia: ContangoContango is a term used in the futures market to describe an upward sloping forward curve (as in the normal yield curve). Such a forward curve is said…
Entry in progress -- B.P. YourDictionary.comcontingent convertible definition - finance A mandatory convertible security that allows investors to sell their shares back to the issuer within a…
Entry in progress -- B.P. Wiktionaryconventional wisdom (plural conventional wisdoms)A belief or set of beliefs that is widely accepted, especially one which may be questionable on close…
The Wharton School of the University of Pennsylvania sends many of its graduates to Wall Street jobs. A Financial Times story in September 2012 called Wharton the "conveyor belt of Wall…
Jon Corzine was chairman and CEO of Goldman Sachs, United States Senator from New Jersey (2001-2006), Governor of New Jersey (2006-2010), and CEO of MF Global (2010-2011). MF Global collapsed at…
Entry in progress -- B.P. Wikipedia: Cost of livingCost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time are often operationalized in a…
In 2013, Janet Yellen was appointed to be Chair of the Federal Reserve. The libertarian website LewRockwell.com and Ron Paul (author of 2009's
Capital One bank was founded in 1988 in Richmond, Virginia. The obvious nickname of "Crapital One" has been cited in print since at least 2001. Wikipedia: Capital OneCOF, or Capital One…
"Crashiversary" (crash + anniversary) is the anniversary of a crash. The word "crashiversary" was used in 2003 and in 2007 for the anniversaries of motorcycle and car crashes.…
"Creditopia" (credit + utopia) has rarely been used, but could develop the same popularity of use as "Ecotopia" and "Ameritopia." "'Creditopia' (credit…
Primerica markets financial products and services; it separated from Citigroup in 2010. Primerica has many critics; the popular Primerica nickname of "Crimerica" has been cited in print…
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.…
The Federal Reserve System has many critics, including some who want to "end the Fed." The term "Criminal Reserve" (cited in print since at least 2008) is an unflattering…