Wall Street Speak 0
Double talk decoded by the Philadelphia Inquirer. A nugget:
- Wall Street: A very wealthy, sparsely populated, gated community surrounded by angry hordes of people living in much-diminished circumstances.
- Analyst expectations: Guesses that are heralded when exceeded, but ignored at other times.
- Bonuses: Contractual obligations that reward the undeserving, often disguised as increased salaries, stock options, or temporary fellowships at the U.S. Treasury.