economic anorexia

Skipping a meal or eating less in order to save money.

John: Yo man what do you want for lunch?
Mike: Nothing. I have economic anorexia.

siege economics

The economic strategy of lobbing money at a problem until you have reduced it to rubble.

A: So how are we supposed to fix this our economy and national debt?

B: The government decided to go with the strategy of siege economics, and "invest" into our future.

A: But if we spend money isn't that going to just make us more in debt?

B: Uhhh...

Economic Headwinds

Reason given by publicly traded companies while reporting poor performance to investors.

Hey Joe last quarter really sucked we should not have decorated our offices and written big bonus checks to ourselves, what should we do? No worries, I have an easy response, we just tell our investors that we hit economic headwinds and that is why profits are down.

economic liberalism

The ideological belief in organizing the economy on individual lines in such a way as to have the greatest possible number of economic decisions made by individuals or households and not by collective institutions or organizations.

Economic liberalism is also called classical liberalism.

Economic Marriage

When two people stay together in a marriage because they can't afford to divorce in today's economy. They can't sell the house in this market, and can't afford their own housing, insurance, so they stay legally married, in the same house, but live their own lives.

John and Stacy are both back on the market, but they're stuck in an Economic Marriage.

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economic moat

"Economic moat" is a term coined by investor Warren Buffet. It means how susceptible a company is to competition by other companies. Coca-Cola and Phillip Morris (Marlboro cigarettes) are companies with wide economic moats because of the popularity and consumer loyalty of their marquee brands. Boeing has a narrow but deep economic moat because its 777 and 787 aircraft are not subject to immediate displacement, but companies like Airbus and Bombardier could play catch-up over the course of several years by developing similar models that would threaten their primacy. That would close the moat.

-- "Give me an example of a company with a wide economic moat."

-- "The local water company, because no competitor can rush right in with a distribution system (pipes)."

-- "Besides, who else is gonna fill that moat? lol."

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Asshole Economics

Is the abuse of capitalism; there are two parts to Asshole Economics. First is Price gouging, the second is poor wages. In price gouging, the theory is to charge as much as the consumer is has to pay, vice how much a consumer is willing to pay. The price of the item is based off a need; the higher the need, the higher the price. Housing, pharmaceuticals and gasoline are much needed items that are price gouged. Banks that offer Adjustable Rate Mortgages start off with offering a monthly mortgage of $500, then it rapidly increases to $2500 per month in a short period of time. Pay-Day loans are yet another example of Asshole Economics, they are legal loan sharks, and they generally target military, low income and minorities. Higher Education is also guilty of this by charging exorbitant tuition fees and pricey text books, insuring that college is out of reach for the working classes.

In poor wages; the asshole managers will be totally opposed to minimum wage, citing buzzwords like “competitive performance”. When Minimum wages are imposed by the state, the asshole economist will be making massive profits, but still pay their staff barely enough to keep them from leaving. To sum up the meaning of Asshole Economics; The rich stay rich, the poor will remain poor.

Example #1
Customer: “I need these medications, if I don’t get them, I could die!”
Pharmacist: “Well, that’s your problem. It’s $3055.35 for your cancer treatment drugs, you only have $250.”
Customer #2 “Well, that’s Asshole Economics are work!”

Example #2
Employee “I have been working here for the last five years, I felt it was time to ask for a raise”
Asshole Boss “You have been working for the past five years, I felt it is time to ask for your resignation.. the answer is ‘NO’”
Employee “That’s not right!, what is this Asshole Economics?”
Asshole Boss “I will be nice to you today, either get back to work or go home”

Example #3
Homeowner: “But you said the rate would never go past $100 dollars!”
Broker: “It doesn’t matter what I said, it’s what you agreed to when you signed the contract”
Homeowner“I can’t afford this!
Broker: “Sorry to hear about this, maybe you can try payday loans.”
Homeowner: “What do you have your degree in? Asshole Economics?”

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