Thursday, October 9, 2008

The Great Global Financial Cock-Up Of Aught-Eight

Someone at work was searching for an accepted term for the current economic crisis, and boring suggestions such as "The Mortgage Meltdown" (not fully accurate) and "The World Financial Crisis" (not fully interesting) were suggested. Should this go from downturn to recession to depression, I suggest "The Fair-To-Middling Depression," but as it is not yet there, may I suggest that we instead refer to it as "The Great Global Financial Cock-Up of Aught-Eight." The Britishesque blitheness of that terminology ought to inspire people to keep perspective, and a stiff upper lip, about the world economy's latest gigantic clusterfornication. Next time someone asks you what this mess is called, please join me in loudly proclaiming this "The Great Global Financial Cock-Up of Aught-Eight."

Addendum: Should it become a Depression, I recant my suggested nomenclature, and recommend Josh Muskovitz' brilliant suggestion: "The Manic Depression."
Which was, of course, precipitated by the event we shall call "The Great Global Financial Cock-Up of Aught-Eight."

No comments: