Dear Money

Dear money is a term used by central banks for money that comes at high interest rates. "Dear" equals "expensive."

In normal finance parlance, the term refers to governments executing fiscal and/or monetary policy. Specifically, money becomes dear when the government tightens money supply to offset growth or cool the economy and tackle inflation. For mere mortals, dear money is the money borrowed from Vinnie the loan shark at 20%, for that bet on the Super Bowl.

Our thought: Don't bet against the Patriots.