12.12.2008

My suggestion: "The Great Reset"

No Question We’re in a Financial Pickle. What Do We Call It?

Excerpt:

The economy is formally in a recession, as the National Bureau of Economic Research and President Bush said last week. But the current crisis lacks a capital-letter name.

Then again, the Great Depression did not become “great” immediately, and World War I wasn’t known as No. 1 at the time. While the “economic crisis” — a term often used by journalists — has also been called the “credit crunch” and the “Wall Street crisis,” it remains the rare major news event without a defining logo, one that crystallizes attention and acts as shorthand for reporters.


Comment: I consider it "the great reset" after "the great excess".

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