![]() ![]() ![]() The thing about these names is that they manage to achieve what so many abbreviations do not: instant understandingįaced with this remorseless tide, I find it helps to remember how much power a well-placed abbreviation can have.Ī writer on the Financial Times’s Lex column once memorably used the acronym Pigs to describe the economic woes of Portugal, Italy, Greece and Spain, in an item headlined Pigs in muck.Īs the paper’s then editor, Lionel Barber, later wrote in his memoir, The Powerful and the Damned, this provoked outrage. ![]() Last year I received an email quoting a trading platform CEO declaring, without explanation: “The UST and LUNA situation, along with the big recent BTC dips, are a clear example of how anything can go wrong in the volatile world of cryptocurrency.” ![]()
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