Deciphering Financial Jargon

Bull and bear markets, stagflation, Ponzi schemes and real interest rates--time to explain the financial terminology

Chris Menon 1 May, 2013 | 10:00AM
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As the world economy appears to lurch from crisis to crisis you’ll hear experts using many unfamiliar terms, but what do they actually mean? Here we decipher a few. 

Currency War

Also known as competitive devaluation, a currency war takes place when countries try to deliberately lower the exchange rate of their currency against competing currencies. 

Ponzi Scheme

A fraudulent investment scheme that pays returns to investors from their own money or money paid by subsequent investors. It is named after the swindler Charles Ponzi. 

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About Author

Chris Menon  is a financial journalist writing for Morningstar.co.uk.