south sea :

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south sea

  • n  any sea to the south of the equator (but especially the South Pacific)
News & Articles

  • NY Fed Compares The Current Reach-For-Yield To South Sea Bubble Of 1720
    When a tin-foil-hat-wearing digital dickweed points to record volumes of cov-lite loans, insatiable demand for Ugandan bonds, and the disconcerting disconnect between record-high median leverage and almost-record-low credit spreads, the mainstream can scoff at their obsessions... but when the NY Fed - once again - highlights the potential froth in credit markets and compares it to the South Sea ...
    Nov. 14, 2013 - Zero Hedge

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