Recession, depression, lets call the whole thing off

jmminarik's picture

Quote:

"When the economy collapsed again in 1937, they didn't want to call that a new depression, and that's when recession was first used," he said. "People also use 'downward blip.' Alan Greenspan once called it a 'sideways waffle.'"

http://www.comcast.net/articles/finance/20090302/The.D.Word/

brooke's picture

I like "implosion".

I like "implosion". "Collapse." "Failure."

But not really, since I just plunged the remainder of "extra money" I have into the market in homes of a small blip upward this morning...

2014 susquehanna's picture

Correction seems like a nice

Correction seems like a nice word to use.

brooke's picture

Yeah but it's so drama-free.

Yeah but it's so drama-free. Catch the drama wave! Taste hysteria!

lauraska's picture

I prefer cluster[brooke].

I prefer cluster[brooke].

rtsaidred's picture

Dow finished below 7000

Dow finished below 7000 yesterday. Markets not being routed again today, but the day is young. Bite me, market correction.

jim.shreds's picture

i know nothing about the

i know nothing about the whole economy but it seems to me if the dudes on wall street cheered up and thought positively this whole mess would go away.

tudor's picture

jim.shreds wrote:i know

jim.shreds wrote:

i know nothing about the whole economy but it seems to me if the dudes on wall street cheered up and thought positively this whole mess would go away.

OK, we'll buy some more loser stocks for your 401-k! That should make everything just hunky dory, right?

th's picture

If we had only privatized

If we had only privatized social security everything would be fantastic.

dan's picture

mmm... waffle

mmm... waffle

Honer's picture

I can't believe GE is

I can't believe GE is trading under $6 right now - wish I didn't buy it last week at $9ish. There is no way this stock isn't trading much higher in 3-5 years

tudor's picture

Honer wrote:I can't believe

Honer wrote:

I can't believe GE is trading under $6 right now - wish I didn't buy it last week at $9ish. There is no way this stock isn't trading much higher in 3-5 years

I hope so. But it's hard to say that about Citi. That was what? $50 about a year ago? Now it's like $1 and change. Same for Ford. That's really like the danger zone.