Via Salmon (sharp as ever) you have to check out this post by Matthew Rose at WSJ blogs that gives definitions for modern financial terms á la Bierce. Here’s an example:
U-SHAPED RECOVERY, n . An opportunity for economists to incorrectly predict the timing and nature of the recession’s end just as successfully as they incorrectly predicted its inception, depth and duration. Variants include V-shaped recovery, L-shaped recovery and 🙁 shaped recovery.
Go read ’em all. Funny cos they’re true.