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 [...]
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 [...]
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 [...]
snowfall - Ranking of biggest cities by their record snowfalls. Philadelphia ranks first with 30.7 inches in1996. See graphic at: NYT 06Feb11 - Biggest Cities' Snowfall Records
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 — [...]
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 [...]
