Telephone booth in trading world refers to one of the stationary telephones on the floor of NYSE. These phones are used by brokers for receiving orders.
Toxic asset is an asset that become illiquid as soon as it exists the secondary market as demand for them disappears. They are not traded commonly or at all as they are perceived as a sure way to lose money.
Trumpflation is the theory that the inflation of the United States is going to rise during the presidency of Donald Trump. Although we are already half-way through his first term, there is no evidence that this theory is going to come to life.
Transfer risk is a threat that the domestic currency cannot be converted of exchanged into another currency due to rapidly changing exchange rate and nominal value of domestic currency. Also known as conversion risk.
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