I found this “Glossary of Important Recession Terms” very interesting and revealing. The economic recession in which we find ourselves right now has truly been tough and I get the gist of it, but sometimes it is very difficult to understand all the new terms and buzzwords that are being created or reused by the media and by everyday people. This cute glossary really made it easier for me to understand the “must-know words and phrases with their respective definitions.” I very much enjoyed the sarcasm, “Your guide to understanding…the end of the world as we know it.” I hope these terms are politically correct to use, and not just fun words that I cannot use on the streets. I knew some of the words, but others I saw for the very first time. I love the term double dip recession: when the GDP growth returns to negative after a quarter or two of positive growth. Double-dipping! That’s funny. Jetpooling, or an arrangement among jet travelers where the cost of a private jet is shared, is a new word that I think surfaced from the controversial actions of CEOs of the car industries showing up in their own private jets. Now, we have a terms for the cost of a private jet to be shared among travelers!!! A private jet…not many people own one. One of my favorite terms is Brawl Street: an aggressive interview of Jim Cramer by The Daily Show host Jon Stewart. I absolutely enjoyed the week were the back-and-forth argument between Stewart and Cramer. I watched Stewart’s speech on why he was right and show all these clips of Cramer telling people to invest in the market, because soon it would boom. Quiet the opposite happened and Stewart completely enjoyed rubbing it in Cramer’s face. I also saw Cramer’s reaction on a morning show. I am so glad that somebody came up with a term for this highly amusing exchange.
The term “tea parties” now has a new definition: an organized series of protests against the Obama administration’s tax policy. The most creative terms included Barakcracy, Mini Madoff (OMG- financial culprits with offenses similar to those of Bernie Madoff), staycation, funemployed, recessionista, and donkeynomics. These where hilarious, but quiet fitting in out times! There were other words less creative, but very commonly found on the news and in our everyday language; some included AIG, bailout, and stimulus package.
All in all, the recession terms were very fascinating to me. However, there was something sweet-and-sour for me while reading this. On one hand, I am glad someone can find a bit of humor during these hard economic times in out country (and world). On the other hand, this is an extremely serious and somewhat scary situation. Having this glossary of terms to read truly helped me get the recession a bit more, but more importantly, it opened my eyes to the numerous buzzwords and new lingo that has been created within this past year-2 yrs.
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I found this “Glossary of Important Recession Terms” very interesting and revealing. The economic recession in which we find ourselves right now has truly been tough and I get the gist of it, but sometimes it is very difficult to understand all the new terms and buzzwords that are being created or reused by the media and by everyday people. This cute glossary really made it easier for me to understand the “must-know words and phrases with their respective definitions.” I very much enjoyed the sarcasm, “Your guide to understanding…the end of the world as we know it.” I hope these terms are politically correct to use, and not just fun words that I cannot use on the streets. I knew some of the words, but others I saw for the very first time. I love the term double dip recession: when the GDP growth returns to negative after a quarter or two of positive growth. Double-dipping! That’s funny. Jetpooling, or an arrangement among jet travelers where the cost of a private jet is shared, is a new word that I think surfaced from the controversial actions of CEOs of the car industries showing up in their own private jets. Now, we have a terms for the cost of a private jet to be shared among travelers!!! A private jet…not many people own one. One of my favorite terms is Brawl Street: an aggressive interview of Jim Cramer by The Daily Show host Jon Stewart. I absolutely enjoyed the week were the back-and-forth argument between Stewart and Cramer. I watched Stewart’s speech on why he was right and show all these clips of Cramer telling people to invest in the market, because soon it would boom. Quiet the opposite happened and Stewart completely enjoyed rubbing it in Cramer’s face. I also saw Cramer’s reaction on a morning show. I am so glad that somebody came up with a term for this highly amusing exchange.
The term “tea parties” now has a new definition: an organized series of protests against the Obama administration’s tax policy. The most creative terms included Barakcracy, Mini Madoff (OMG- financial culprits with offenses similar to those of Bernie Madoff), staycation, funemployed, recessionista, and donkeynomics. These where hilarious, but quiet fitting in out times! There were other words less creative, but very commonly found on the news and in our everyday language; some included AIG, bailout, and stimulus package.
All in all, the recession terms were very fascinating to me. However, there was something sweet-and-sour for me while reading this. On one hand, I am glad someone can find a bit of humor during these hard economic times in out country (and world). On the other hand, this is an extremely serious and somewhat scary situation. Having this glossary of terms to read truly helped me get the recession a bit more, but more importantly, it opened my eyes to the numerous buzzwords and new lingo that has been created within this past year-2 yrs.
-Aislinn Diaz
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