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Tageconomy

zirp

zirp  n.— «The United States is repeating a Japanese experiment with a zero in one of the most important variables in financial markets: the official overnight interest rate. The so-called zirp, an acronym for zero interest-rate policy, is...

Rawlings’ necklace

Rawlings’ necklace  n.— «When Rawlings was in charge, the economy hit rock bottom. The period is called the “Rawlings necklace” after the way starved Ghanaians’ collarbones became visible.» —“The reality of Ghana’s...

Immense Relief

Uh-oh. Your credit card’s missing. As you frantically search for it, your mind fast-forwards through the bad things that could happen if it’s been stolen. Then, to your enormous relief, you find the card. Is there a specific word for the...

skip

skip  n.— «If someone fails to appear for court, bondsmen have up to 60 days to produce their client or the bondsmen must pay the full amount of the bond. Bondsmen then have the authority to track down these “skips”—as they are...

zombie economy

zombie economy  n.— «Yuen Pau Woo was the economist responsible for Japan in Singapore’s central bank when the Japanese bubble—helped by a run-up in real estate prices that made Park Ave. co-ops look affordable—caused the world’s second...

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