A Glossary of Important Recession Terms
April 26, 2009
With economic changes of mass proportion taking place on a daily and weekly basis, sometimes it can be tough to keep up. Each new development coins new buzzwords that are tossed around early and often in the media. In the interest of keeping you well-informed, we have compiled a few of the must-know words and phrases with their respective definitions to allow you to cut through the bull in this bear market.
“My mini Madoff failed, so I couldn’t get a large enough golden parachute before the buyout. But I can’t complain; I’m funemployed growing a recession beard with sheen and luster. My recessionista wife and I dressed up, took a staycation up to our apartment roof, and watched some of the amazing tea parties going on around our neighborhood. Life’s not that bad.”
Comment by Andrew S — April 27, 2009 @ 9:30 am
Pity the republicans are just as guilty of most of the things as democrats.
There is no functional difference to the common man between donkeynomics and elephantomics… Barakcracy or Bushcracy… I find it funny when people attack the democrats for what the republicans have done for years and they accepted at face value.
Both parties have sold us out for dozens of years, get over it, elect someone who isn’t part of the machine already.
Comment by Shadus — April 27, 2009 @ 11:49 am
you forgot “economic downturn” = recession.
Comment by cc — April 27, 2009 @ 2:01 pm
How about “too big to fail”?
Comment by xarev — April 27, 2009 @ 2:01 pm
really love it.
Comment by Anonymous — April 27, 2009 @ 2:07 pm
@Andrew S - Ha! Nicely done.
Comment by alwayslate — April 27, 2009 @ 4:35 pm
“Shovel Ready Projects” means thousands of earmarks.
“Earmarks” mean shifting of capital from a capital rich state to an impovershed state or state lacking capital in the quest for the ideal socialist outcome.
“Obama Dollar” is the dollar that we have now which is diluted five fold compared to the “Bush Dollar”
“Obama Debt” is the 1.5 Trillion dollars in debt that Obama added to the govt which shall now be paid by the middle class.
Comment by TI — April 27, 2009 @ 6:47 pm
@TI: Funny, you forgot to mention the 8 Trillion dollars of Reagan/Bush debt. And while earmarking is a problem for both parties, check out the Republican earmarks from the past 10 years.
Check your facts; get a clue.
Douchebag.
Comment by Buzy — April 28, 2009 @ 2:01 pm
This post smacks of “being with the establishment” by helping to laugh off the utter carnage that has been wreaked on so many people. We say that to err is human and Bush / Obama are only human so let them keep erring and we will keep taking it lying down. Like they say - one gets what one deserves.
Only when we are able to understand the intricate planning that has engineered this collapse would we wake up to the truth.
Comment by amolpatil2k — April 28, 2009 @ 4:32 pm
@Andrew S, very funny.
@Author, I was surprised that you didn’t include “bull market” because you had covered the bear market. However I understand, any type of bull market won’t exist for many months, so why include it now?
Comment by DWICBIOOM — April 29, 2009 @ 4:44 pm