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Shangkong

Shangkong  n.— «Once the global recovery begins, however, New York and London might be vying less with one another than with a new competitor in the form of a partnership between Hong Kong and Shanghai—call it “Shangkong”—a highly...

Fbar

Fbar  n.— «Under the plan, according to the person briefed on the issue, the I.R.S. will cut an onerous penalty for not filing a Report of Foreign Bank and Financial Account, known as an Fbar—something offshore tax evaders have not done...

have it large

have it large  v. phr.— «I know that isn’t what US Dollar buyers want to hear but I am doing my best to forewarn you. However, US Dollar sellers are “having it large” as they say in all the best hoodie gangs.» —“Halo...

plumage paradox

plumage paradox  n.— «My original instinct to buy the best is what I call the plumage paradox. A peacock’s dilemma is that having a large, beautiful tail attracts females, but it also attracts predators. The message the tail sends to the...

malus

malus  n.—Gloss: A penalty for poor performance, the opposite of a bonus. «A report by Frankfurt-based Center for Financial Studies has coined a new word—malus. Malus is Latin for “bad” while bonus means “good.” It...

financial incest

financial incest  n.—Gloss: Telling one’s children about family financial affairs in such a way or to such a degree that they learn too much and become overly concerned. «While experts say the current financial crisis is a good way...