Word o’ the Week – moribund

Tower Private Advisors

I’ve been seeing this one a lot, especially in relation to various national economies. This is how The Economist magazine used it in last week’s issue in an article titled, Unmired at last:

But it has also been due to the hangover of the recession: consumers have been shedding debt, lenders have been reluctant, housing markets have been moribund, and state and local governments like Mr. Fesler’s have been cutting budgets in the face of prohibitions on deficits.

‘Thought you ought to know what it means.

Graig Stettner, CFA, CMT
Chief Investment Officer
Tower Private Advisors

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