Sunday, November 20, 2011

Deciphering the jargon of economic crisis

Frank McNally provides a guide to the crisis jargon in Saturday's Irish Times (19 November 2011). Two definitions that stand out:

Quantitive Easing: The process whereby the number of economists appearing on Irish TV shows is increased indefinitely, in the hope that the country can talk its way out of the crisis, even at the risk of rampant ego-inflation.

Standard & Poor: Adjectives describing the two main types of judgment exercised by ratings agencies when assessing the sub-prime mortgage packages that started the whole mess in the first place.

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