Low income individuals can be quite optimistic about the future when using plastic instead of cash to make purchases. But if, for some reason, they suffer a financial setback, that little piece of plastic may turn them into credit card coolies.
by Joe Rodolico January 26, 2007
Get the credit card cooliemug. A redundancy in military jargon signifying the exact hour for an operation to begin. Big "H" for "big hour".
by Joe Rodolico February 10, 2007
Get the H-Hourmug. A phenomenon in economics in which too much loose cash finds its way into an area of the market, e.g., stocks, housing, dot-com, etc., resulting in a buying frenzy that leads to wildly inflated prices. Economic activity in those areas affected is not sustainable in the long run, so large numbers of late investors eventually go bankrupt.
We were warned of an economic bubble, but bought high-priced shares anyway thinking we could unload them on some poor sap before the bubble burst. Boy, were we wrong!
by Joe Rodolico February 12, 2007
Get the economic bubblemug. Singing without a live orchestra or band. Originally meaning "without orchestra," it is a combination of Japanese "kara" meaning "empty/bare-handed" as in "karate", and the "okee" sound from the first syllable of "orchestra" as pronounced by Japanese.
The guy who thought up karaoke created a bar owner's dream, because as patrons provide their own entertainment by singing along with a machine, management saves a fortune by not hiring talented musicians.
by Joe Rodolico February 11, 2007
Get the karaokemug. World Depression One. What the world will experience in the coming years, if the global financial meltdown is not stopped.
No one could have imagined that the great prosperity of the early part of this century was just an illusion and would end in WDI (World Depression One).
by Joe Rodolico March 18, 2009
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