Bernankruptcy: New trading term and definition.
Bernankruptcy \Ber”nank”rupt*cy\, n.
1. The state of being actually or legally bankrupt due to Fed Chairman Ben S. Bernanke’s Fed interest rate hikes.
2. The act or process of becoming a bankrupt, due to continuous Fed interest rate increases.
3. Complete loss; — followed by of. “Bernanke’s continual Fed rate hikes destroyed my portfolio, forcing me to declare ‘Bernakruptcy’.”
Thesaurus words for “bernankruptcy”:
bouncing check, breakage, breakdown, bust, collapse, crack-up, crash, crippling, damage, defeat, destruction, detriment, dilapidation, disablement, disrepair, encroachment, failure, futility, harm, hobbling, hurt, hurting, ill success, impairment, incapacitation, infringement, injury, inroad, insolvency, insufficient funds, kited check, losing game, loss, maiming, mayhem, mischief, mutilation, no go, nonaccomplishment, nonsuccess, overdraft, overdrawn account, receivership, ruination, ruinousness, sabotage, scathe, sickening, spoiling, successlessness, unsuccess, unsuccessfulness, uselessness, weakening
hahah I love it. Glad I don’t own a house .. yet! Cheers -Jones
Hilarious, but makes no sense. “Interest rate hikes?” From this Fed? I don’t think so …