Naming the current global crisis seems to be a 24/7 popular activity. Justin Wolfers in the Freakonomics blog lists out various options
- The Great Deception: Sounds like a sequel to The Great Dictator and The Great Train Robbery
- The Great Recession (which unfortunately has been used so many times before, even for the smallest of spikes)
- Economic detumenscence: I have no idea what it means
- Actually it seems to be a spelling mistake by Justin. Answers.com gives a medical definition of “detumescence“: Reduction or lessening of a swelling, especially the restoration of a swollen organ or part to normal size.
Finally, he got some friends of his to give some wacky names and he got “Flump” – to use fashionable English semantic terminology – a portmanteau word for “financial slump”