Risky (investment business)
Oil and gold are two very familiar ones, but don't forget palladium, platinum, and those basic food ingredients.
What are Commodities?
Money laundering, wire fraud, selling toxic financial products, spying on competitors. All part of the history of this major European bank.
What is Deutsche Bank?
The current head of the Federal Reserve is this former Wall Streeter and corporate buyout fund executive
Who is Jerome (Jay) Powell?
This 3-word expression has been a winning approach for a long time when it comes to reacting to drops in the S&P 500. Hold the tortilla chips, though.
What is Buy The Dip?
This hot-shot young brokerage firm named for a storybook character sounded so noble, until people realized the hero still makes a lot of money using your money
What is Robinhood?
Who says home prices never fall? They fell by 20% starting in this year, as the Global Financial Crisis began. They didn't recover for about 9 years.
What is 2007?
This is when a company buys another firm using primarily borrowed funds. Some have worked, while others have contributed to crashes.
What is Leveraged Buyout?
This infamous day trader of the 1980s paid $100m fine and did some jail time. Then, he became an informant.
Who is Ivan Boesky?
When Wall Street felons get punished, they often skip doing hard time, and instead end up at one of these nicknamed facilities
What is a Country Club Prison?
Gordon Gekko, the fictional financial titan played by Michael Douglas in the movie "Wall Street" is famous for this line about making all the money you can
What is Greed Is Good?
If you see someone sell you 1 widget, then sell that same widget to someone else, and then again to another person, run away! It's probably this type of scheme.
What is a Ponzi Scheme?
Think a stock market decline always recovers quickly? The one in this major economy started in 1990, and it's still not back that year's high level.
What is Japan?
When hedge funds or individual traders use too much leverage, they might get this type of unwanted call from their broker
What is Margin Call?
His stock market strategy was very successful and hard to get access to. In 2008, we found out why. It was all fake. That bought him 150 years in prison.
Who is Bernie Madoff?
While it's acceptable to give a cash tip to your waiter for a job well-done, if you gave that same waiter a stock tip that is not public knowledge, you could be accused of this.
What is Insider Trading?
According to legend, this anonymous group of big-money folks stand ready to help the government stop major market drops. Who said investing isn't a team sport?
The is The Plunge Protection Team?
The US President who oversaw our descent into the Great Depression had the infamous distinction of having destitute neighborhoods nicknamed for him
Who is Herbert Hoover? (Hoovervilles)
When investors suddenly come to realize that debt issued by corporations is no as secure as they thought, it produces this type of shock, or crunch
What is Credit?
You are taking double or triple the risk when you invest in this type of leveraged index fund, which shares its name with a popular electronic music festival?
What is an Ultra Short Fund?
This high-yield bond king turned philanthropist was one of key villians of the 1987 crash. From securities fraud to funding cancer research. Quite a journey.
Who is Michael Milken?
She led the Federal Reserve under Obama and Trump, and is now the Secretary of the Treasury
Who is Janet Yellen?
Originally formed to deliver electric power in the Pacific Northwest US, in the 1980s, its bonds triggered a huge muni market crashes. Uh oh.
What is WPPPS or Whoops?
The proverbial old-time Wall Street lunch supposedly included 3 of these adult beverages
What is a Martini?
This S&P 500 stock market sector left all others in the dust, until the Dot-Com era went bust
What is a Tech Stock?
Bubbles pop, and that's bad. But when these new stock issues pop, it’s a good thing. If it lasts, that is.
What are IPOs?
His name is Bruno Iksil, and he was a bigtime trader For JP Morgan in the UK. But when he and another trader lost over $6 Billion in 2012, he received this nickname.
What is The London Whale?
This top US investment regulator shares its acronym with a powerful college football conference
What is the SEC?
This options-related lingo describes the market's confidence that the US Central Bank will have their back, no matter what happens
What is Fed Put?
Who ever thought this longtime US automobile leader could go bankrupt, and nearly out of business? That's what a global financial crisis can do.
What is General Motors?
The Asian Currency Crisis, which disrupted global financial markets in 1997, started when this country unpegged its currency, the Baht, from the US Dollar
What is Thailand?