As much as the topic sounds a bit weird but how riveting it would be to learn such a subject. Its often conveyed by the so called 'Gurus of Finance' that Finance is not a stand alone thing .. you have to align yourselves with all the avenues adjoining it. Its like Finance is no Chuck Norris, visualize it more like Justice League or the Avengers !! With this we take almost the literal meaning of avenue and the expansive geographies that go with it.
Take Fiscal cliff for example. The fiscal cliff is a newly coined term in USA referring to the effect of a number of laws which, if unchanged, could result in tax increases, spending cuts, and a corresponding reduction in the budget deficit beginning in 2013. And you thought it would be one of those specially named geographical appendage along the Grand Canyon. Headlines doing the rounds are 'Rivals dig in as Fiscal cliff deepens' making one think that this is surely a geographical marvel which is being dug upon under the orders of the people in charge. So the wealthy will be taxed more so as to bring parity and improve the economy of the nation. Now this even the Geographers would not mind, even Mr. Eratosthenes !!
The world of Technical Analysis - A branch of checking stocks, sends the not so finance world in a tizzy. There are peaks and there are troughs which are actually the measures to see price levels and not the means for cartographers to draw maps on. However both have this common thread - pressure. While the geographic counterparts develop as a result of the air and ground pressure all along, their financial namesakes develop due to buying and selling pressure of the stocks and scrips.
Then there are wedges, not sand nor green, they are technical analysis patterns which forecast market trends. Again Geography waits behind in the queue like geeks after the cool guys devoid of existence.
Now for Time to bring some History to the mix. Bretton Woods is an epoch event not just for USA but for the World at large as it is here that the exchange rate system involving gold and US dollars came into existence. By mere one look at the word, it sounds more like the one next to Yellowstone Park where Yogi Bear & BooBoo would venture out in search for picnic baskets.
American, European & Bermuda options are all terms in the Derivatives segment. All are means of exercising the option on or before the expiry of the contract and not some continent oriented avenues for the people on a vacation. As for Bermuda, I would be immensely happy if people mistake it for the island of notoriety and not for a piece of clothing worn by the great Govinda !!
Basel Accords are not the pre decided tourist spots in a Yashraj movie, they are infact the principles adopted for banking regulations. So now you know one more thing apart from Roger Federer to come out of Switzerland and which is important. Ouch !!
Upstream is just the methodology of exploration in oil industry and not the way in which the fishes swim. For a minute even Moby Dick got excited. Sorry thats the only famous fish I know. Technically a mammal. Damn this is hard !!
Shogun and Tankan are not Japanese mountain peaks. They are merely public offerings and public information systems in the Land of the Rising Sun. But who would blame the land where a mere plumber teaches a kid martial arts and makes him win a big tournament involving big bullies. Ohh wait .. was it Chinese ?!?! Can the real Mr. Miyagi please stand up !!
There are many more instances where Finance weds Geography and a confused term is born as a result of this wedlock. Keep calm and let the term find its own existence in this finance crazy world.
Heard this fact very often that dont judge the book by its cover. Taking the proverb forward, I promise that I wont judge the financial term by its geographical relation. Is it too late to put this under my New Year resolution, coz this seems feasible.
Nicely written, financial terms explained in a hilarious manner.
ReplyDeleteI suggest you write a second part for this blog for new terms where Finance has wed Geography.
This blog was quite interesting, makes one laugh and makes one think on how these terms were coined.
The ruling highlights the importance for trustees of Self managed superannuation fund to plan carefully before the commencement of a pension so as to reduce the effect of potential CGT and ensure the members' overall estate planning objectives are achieved to the fullest extent possible.
ReplyDelete