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shut-out

shut-out  n.— «‘It’s clearly a bubble. Look! All the dealers are leaving. It’s what’s called a “shut-out” in the trade. It’s identical to the Eighties except there’s a new generation of suckers. And the new generation of...

paint the tape

paint the tape  v. phr.— «With another contemporary art auction cycle upon us, naive observers are again wondering about the huge prices engendered by hedge-fund speculation in contemporary art. How exactly is it done? The answer lies in a...

ice the stock

ice the stock  v. phr.— «He also noted that the level of selling of Telstra stock has declined in recent weeks. Part of that decline appears to have been brokers soaking up all the stock available for borrowing—a practice known as...

bus-and-truck show

bus-and-truck show  n.— «You can’t really call the Utah Shakespearean Festival’s 75-minute touring production a “bus-and-truck” show, borrowing a phrase used to describe some Broadway tours.» —“Festival’s ‘Macbeth’ brings...

share of wallet

share of wallet  n.— «Customers with spare borrowing capacity, or those with a lot of their business elsewhere, can be targeted so that Westpac can satisfy more of their banking or asset management needs. In industry parlance, it’s called...

Westoxification

Westoxification  n.— «Both shared common concerns about political freedom, the dangers of military and economic dependence on the United States, and the threat of cultural alienation due to the Westernization of Iranian education and...