Tuesday, March 31, 2009

Language of the new economy ala CNN

CNN has come up with an interesting list of new terms to understand our new economy. Here is an example:
Toxic asset: An asset on a company's balance sheet that is difficult to value or sell because the market for those assets has dried up. Companies have struggled to sell many loans and asset-backed securities, like those backed by mortgage and credit card loans, because of worries that the borrowers of the underlying loans will default. Toxic assets have plagued companies with steep losses, oftentimes resulting in diminished stock prices.

When will the media learn?

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