Thursday, September 18, 2008

A guide to navigating Wall Street euphemisms

at Dealbreaker. Some translations:
"We Might Encounter A Slight Correction" = "Expect A 40% Drop" (AIG)

"We Believe We Are Sufficiently Capitalized" = "Our Leverage Is Still 24:1" (Lehman Brothers)

"Another Front Is Opening" = "No One Wants Our Stock Anymore" (Barclays)

"It's Unclear Who Is Going To Be A Credit Provider Going Forward" = "No One Will Lend To Us" (Concordia Advisors)

"EU Has Tradition Of Bailouts" = "Don't Look At Me Like That, Germany" (Financial Times)

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