3 ms·

Greece ^kinda defaults. More context in NYT, of course: http://nyti.ms/pyJ9Ho http://nyti.ms/pyJ9Ho

• chailatte 15y ago
  Ah, yes. Cover your ears. Don't wanna scare the kids. More mass media brainwashing euphemisms. Default -> Temporary/Kind of/Selective Default Great Depression -> Great Recession Worthless Mortgages -> Troubled Assets Make dollar worthless -> Increase Liquidity
  • jackpirate 15y ago
    Are you serious!? You've got it exactly backwards: media hyperinflates things to sell and get people to watch. Our "great depression" as you call it right now is nothing like what happened in the 30s. Comparisons just serve to fear monger.
    • david927 15y ago
      But Chailatte is right, the hyperbole goes in the direction it's needed. Greece has defaulted. It's either principal with interest, or it's a default. The reason for the wishy-washy phrasing is to avoid insurance claims. Also, we're in a Depression (although not the Great Depression) and the media never uses that term (and then happily declares the "recession" to be over) to avoid self-fulfilling prophesy behavior. But make no mistake, we're in a depression and the media swings its hyperbole in the direction it's needed.