1. warning to those entering Washington DC; related to 2. malaise endemic to nation's capital. Thought to be treatable by being locked in a room with Ron Paul for several days, but that may be old Austrian wife's tale. (Hat tip, Rachel Geman)
The prevailing philosophy for running the financial services sector in the early part of the 21st century, signifying a failure of managerial oversight in both degree and kind. Related to misunderestimation. (Source: Will Coviello)
A celebration held in world capitals at various stages in a business cycle: in the expansion and at the peak of economic growth it tends to be better known as "a sure fire investment opportunity." It involves handing over large quantities of cash to a tanaholic guy considered a real investment maven by people on the golf course and - this is the crucial part of the ritual - not asking any questions about what said maven is going to do with it.
On the downside of the business cycle, it involves losing said cash, and possibly also the keys to the fancy car, house, pants, and most of all the dignity once presumed of every human in a finely tailored suit, which is to say that they're sentient and not from the planet Moronia.
A general term for what befell many Western economies in 2008, notably the U.S., Ireland, the United Kingdom, and Spain: people decided en masse to give their property back to the banks having never really owned it or anything else of value in the first place.
A condition, sometimes priaponomic, of desiring to read and hear more bad news about the economy. Synonymous with moving to Alaska for fear of social unrest in urban areas, and/or buying large quantities of tuna, beans, and semi-automatic weaponry