Joe Rodolico's definitions

economic bubble

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

ninja loan

An acronym for a loan given to a person designated as "No income, no job or assets;" hence - N-I-N-J-A.

The bank's ninja loans have ruined its credit rating. Now, no other bank will lend it money.

by Joe Rodolico September 23, 2007

frugalista

A new breed of thrift shoppers that will trample or kill anyone who stands in between them and a bargain.

Black Friday was really sad this year when a mob of frugalistas trampled a guy to death just to save a few dollars on Christmas shopping.

by Joe Rodolico December 16, 2008

schifoso

Italian slang. A foul, disgusting, low-down, rotten person. Also spelled skifozo.

That schifoso would sell anything to anybody, including his own mother, if someone made him an offer.

by Joe Rodolico November 14, 2006

WDI

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