Kale (money slang)
Entry in progress -- B.P. (Oxford English Dictionary)kale, n.North American slang. Money.1912 J. Sandilands Western Canad. Dict. 26 Kale, money, or wealth.1922 S. Lewis Babbitt xiii. 172 You will…
Keynesian Put
The "Keynesian put" is a put option named after economist John Maynard Keynes (1883-1946) and Keynesian economics. Investors believed that the Federal Reserve would protect their…
Killing (“make a killing”)
To "make a killing" means to make a large (and usually quick) profit. "Make a killing" has been cited in print since at least 1887, when it was used in horseracing. The saying…
Launder (money laundering)
To "launder" money is to make "dirty" money (obtained from illegality) "clean." For example, illegal drug money might be "laundered" through a legal…
Laws of Accounting (joke)
"The Four Laws of Accounting" (credited to Anonymous) were cited in The New Official Rules: Maxims for Muddling Through to the Twenty-First Century (1989) by Paul Dickson: 1. Trial…
Lehman 2.0
The financial firm of Lehman Brothers declared bankruptcy in September 2008 -- the largest bankruptcy in U.S. history. Any other large bankruptcy or great financial collapse (Greece, for example)…
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…
Liebor or Limor (London Interbank Offered Rate or Libor nickname)
Entry in progress -- B.P. Wikipedia: LiborThe London Interbank Offered Rate is the average interest rate estimated by leading banks in London that they would be charged if borrowing from other…
Lipstick Index (Lipstick Indicator; Lipstick Theory)
Entry in progress -- B.P. Wikipedia: Lipstick indexThe lipstick index is a term coined by Leonard Lauder, chairman of the board of Estee Lauder, used to describe increased sales of cosmetics during…
Loan Shark
A "loan shark" is a predatory person who offers financing at exorbitant rates. The term "shark" for such as person has been cited in print since at least 1713. The term…
Loan Shark of Last Resort (International Monetary Fund of IMF nickname)
The International Monetary Fund (IMF) was founded in 1944-1945 and seeks to foster international development and sound monetary currencies. Some critics of the IMF maintain that its development…
London Bullion Manipulation Association (London Bullion Market Association or LBMA nickname)
The London Bullion Market Association (LBMA)s a wholesale over-the-counter market for the trading of gold and silver. In the 2010s, it was widely believed that members of the LBMA manipulated the…
Long Depression (1873-1879)
The economic period starting with the Panic of 1873 -- between October 1873 and March 1879 -- has been called the "Long Depression." The term :long depression" was used as early as…
Long Jelly Roll (Short Jelly Roll)
Entry in progress -- B.P. InvestopediaWhat Does Long Jelly Roll Mean?An option strategy that aims to profit from a time value spread through the sale and purchase of two call and two put options,…
Lost Decade (2000-2009)
The term "lost decade" originally referred to the 1990s Japanese economy that experienced flat growth rates. The Dow Jones Industrial Average was 10,000 in March 1999 and 10,000 again in…
Love Trade
Gold, according to Frank Holmes of U.S. Global Investors, is driven by the "fear trade" and the "love trade." Fear is when the financial press repeats stories of gloom and doom.…
Lowflation (low + inflation)
"Lewflation" (low + inflation) has been used infrequently since at least 1984. The term "lowflation" was popularized on March 4, 2014 on iMFdirect (a website of the…
Macro Tourist
"Macro tourist" was defined by the blog Business Insider on APril 4, 2013: "Note: The term 'macro tourist' refers to someone who is not a traditional macro expert stepping…
Mad Money
"Mad money" was a term in the flapper slang of 1922. Flappers carried some "mad money" on them (a few dollars, in the time before credit cards), just in case of an emergency,…
MAGA (Microsoft, Apple, Google and Amazon)
"MAGA" (meaning "Make America Great Again") was popularized in by Donald Trump in his 2016 presidential campaign. “'Trump's meeting with tech CEOS: Immigration,…