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Recession is a weak word for this pandemonium that we are experiencing. We need to coin a new word for this.
by sharadov 7y ago
Recession is a weak word for this pandemonium that we are experiencing. We need to coin a new word for this.
- r00fus 7y agoNothing new needed - this tune has been played before: Depression.
- pmoriarty 7y agoIt's going to be the Great Depression of the 21st Century. Only unlike the American Great Depression that happened about 100 years ago, it will be world-wide.
- AnimalMuppet 7y agoWhat is your basis for calling the 1929 crash "the American Great Depression"? It began with Creditanstalt in Austria, and affected far more than the US. And what is your basis for saying that it wasn't worldwide?
- AnimalMuppet 7y agoIn fact "recession" is the new word. Previous downturns were called depressions. But after the Great Depression, they wanted a word that said "a downturn, but not like that", and they invented "recession".