black swan: the occurrence (or non-occurrence) of an event that: lies outside of the range of normal expectations; has an extreme impact; and only seems explainable and predictable in hindsight. #blackswan @nntaleb @journofletcher @jonsindreu A term coined by NYU professor, Nassim Nicholas Taleb. The reference is to the discovery of the first black swan after the [...]
accessory dwelling unit (ADU)/ granny flat: small manufactured or custom-built residential structures located on the lot of a larger home. Used for family member residence or rental income. #accessorydwellingunit #ADU #grannyflat @pat_clark @Nbuhayar @nate_berg *** TROVELOG *** Alexis Rivas opens his Mac laptop and zooms in on a 3D rendering of a house in Echo Park, a [...]
fat-finger error: a keyboard error made when the originator of the message or transaction presses the wrong key or keys; often referring to the cause of a significant error in a finance or securities transaction. *** TROVELOG *** [Deutsche Bank AG] inadvertently transferred 28 billion euros ($35 billion) to one of its outside accounts, Bloomberg News has [...]
financial infidelity: the undisclosed or deceptive consumption, investment or borrowing practices of a spouse or significant other, especially activities that burden joint finances. *** TROVELOG *** Your husband committed what’s referred to as financial infidelity, Spent. Like sexual infidelity, the healing can’t begin until the partner who committed the betrayal stops doing it. Your husband hasn’t done [...]
breach fatigue: the apparent lack of significant responses and countermeasures by consumers regarding safeguarding their information in the wake of well-publicized reports of huge data breaches by major companies. *** TROVELOG *** The news has been dominated lately by the failure of one company, Facebook Inc., to safeguard customer data. But Facebook isn't alone. In just the [...]
acronym for the four large, rapidly growing economies of Brazil, Russia, India, China Jim O’Neill, the chairman of Goldman Sachs Asset Management . . . is perhaps best known as the economist who nearly a decade ago coined the acronym BRIC — for Brazil, Russia, India and China — developing economies that, [...]
[Some Apple investors have] deep frustrations over Apple's cash pile, a $50 billion lode that is expected to swell to $70 billion by year-end. The vast sum exceeds the gross domestic product of two-thirds of the world's countries—and all but 36 of the market values of companies in the Standard & Poor's 500-stock [...]
a provision in a commercial real estate loan agreement that holds individual developers personally liable for the loan if their borrower company should file for bankruptcy. The commercial real estate market is being hobbled by billions of dollars in distressed debt, and some experts are pointing to a provision in many loans — [...]
a keyboard error made by a securities trader who pushes the wrong key or keys when entering a trade. In a day short of major U.S. data, the bond market was jolted during the midmorning session as talk circulated in the market that an investor made a mistake—known as a "fat finger" error—on a [...]
homes financed by mortgage loans on which no payments are being made but have yet to be listed in a foreclosure sale. [R]eal estate agents and mortgage brokers wary of optimism are focusing on a new term that has entered the housing lexicon: ghost inventory. Banks appear to be sitting on thousands of homes [...]
