Greenspan mastered language as Fed Chairman during his tenure which became known as “Greenspanspeak” where we hung on certain words in a sentence.

Current Fed Chairman Bernanke had a little diificulty initially but was able to create Bernankespeak, a flavor of Greenspanspeak.

Why the initial stumble? Afterall he is known for his academic record:

  • Won South Carolina’s State Spelling Bee at 11 years old
  • 1590 out of 1600 on SAT exam (highest in state)
  • Class Valadictorian

Carol Baum’s Bernanke’s Hippie Dictionary [Bloomberg] article reports that Bernanke created it as a high school junior. Perhaps this can give us some insight how he relates to the housing market as well:

Here are the highlights:

  • Dig — to like, to enjoy, as “The hippie undertaker digs his work.”
  • Down trip — a drag
  • Drag — a down trip
  • Hang-up — a neurosis or fetish
  • Lie-In — a form of peaceful protest that often fails when demonstrators go to sleep
  • Square — someone who stays home New Year’s Eve to hear Guy Lombardo play “Auld Lang Syne”
  • Straight — as in “stiff” (see “dig”)
  • Swing — what someone does who thinks Guy Lombardo is a football coach (see square)
  • Trip — a rocket flight without the rocket

Far out, like, I hope that like, this clears things up, man…dig?

Tags: ,

Comments are closed.