Thursday, October 23, 2008

Acronyms used on the Blog

I have been asked to provide a list of the acronyms that use on this blog. So here they are so you can print them out and have them handy:

DYH: do your homework
USD: United States dollars
COI: conflict of interest
LOUC: law of unintended consequences
CRA: Community Reinvestment Act 1977 (the Peanut Farmer President's hand in the Crisis of 2008)
FOMC: Federal Open Market Committee (arm of the Federal Reserve System that sets STIR)
STIR: short term interest rates (Fed funds and Discount rate)
VIX: Volatility Index (otherwise knows as the fear index based on put option premiums)
PB: pull back (market term for a downturn)
FDR: Franklin D. Roosevelt
BHO: Barack Hussein Obama, soon to be the 44st POTUS
POTUS: President of the United States
SCOTUS: Supreme Court of the United States
SP: Sarah Palin
SMDC: super-majority Democratic Congress
ESA 2008: Economic Stabilization Act of 2008 (formerly the EERA 2008)
USSA: the United Socialist States of America (future country that elected BHO as President in 2008)
GSE: government sponsored entities
CDO: collateralized debt obligations
MBS: mortgage backed securities
SIV: structured investment vehicles
CDS: credit default swaps
FASB: Financial Accounting Standards Board
SEC: Securities & Exchange Commission
GOP: formerly the Republican Party (died Oct. 3, 2008, but is still the walking dead)
DCB: dead cat bounce (a rally off a big PB usually means bottom feeders at work)



I will add more, but that should do it for now.

No comments: