ZIRP4EVA (ZIRP + forever)
The term ZIRP (Zero Interest Rate Policy) has been cited in print since at least 2000. but became popular during the financial crisis of 2008. Some financial observers during the crisis speculated…
Zombie Bank
A "zombie" (as popularized in many horror movies) is someone of the living dead, who walks the earth but doesn't know that he or she is dead. A "zombie banks" is a bank…
Zombie Title
A "zombie title" starts out as an ordinary title. A homeowner buys a home and gets a mortgage from the bank. However, the homeowner falls behind on mortgage payments. The house would…
Zombieconomy (Zombie Economy)
Entry in progress -- B.P. 6 February 1992, Christian Science Monitor, "A 'Zombie Economy'" (editorial), pg. 1: ECONOMIST Robert Brusca accuses Federal Reserve Board Chairman…