Definitions by Peter Kobs
Hollow Market
1. A financial market so fragile that even strong companies are decimated by panic selling on Wall Street. 2. A market with almost no real buyers, only frantic sellers.
Hollow Market by Peter Kobs February 17, 2009
Street Creep
1. A new perjorative term for Wall Street executives who raked in huge bonuses while plunging the world into economic chaos.
2. A financial advisor who sells Wall Street products on commission.
2. A financial advisor who sells Wall Street products on commission.
Did you see the news? Those Street Creeps are taking a private jet to Aruba using our bailout money.
Street Creep by Peter Kobs February 10, 2009
Book Crook
Someone who makes money by stealing books from the local public library, then reselling them online, after removing the security tags and identifying marks.
Book Crook by Peter Kobs February 8, 2009
Class Morphing
1. The downward transformation of one economic class into another.
2. The gradual descent from relative prosperity to grinding poverty, usually among formerly middle-class families.
2. The gradual descent from relative prosperity to grinding poverty, usually among formerly middle-class families.
Class Morphing by Peter Kobs February 6, 2009
Notirement
1. The new era of "no retirement" for Baby Boomers who lost big on Wall Street; 2. The unpleasant choice between ceaseless work and late-life poverty.
Notirement by Peter Kobs February 1, 2009
Certainty Pimp
Someone who sells "certainty" on a particular issue to gain money or power -- usually a politician, pundit or preacher. Certainty Pimps don't like shades of gray because they force people to think for themselves.
Did you see that Certainty Pimp on TV? He says the recent cold snap is proof that global warming is a complete hoax.
Certainty Pimp by Peter Kobs January 17, 2009
Vid Kid
A child raised on television and video games with little or no parental supervision. Vid kids often have poor social skills, very limited attention spans and less maturity than their peers. Vid kids suffer from a mild form of child abuse rooted in parental neglect.
Vid Kid by Peter Kobs January 5, 2009