Most people will agree that we are now going through a period of time that will be remembered for a long time, like World War II, 9/11 or The Great Depression. It’s probably the first time in world history when the entire globe has been caught in the grip of a sudden and calamitous economic crisis. No country has been untouched. Governments, businesses and households worldwide are desperately fighting to shore up their reserves while avoiding financial meltdown. The problem is far from over and recovery will take many years.
Last month, Dominique Strauss Kahn of the IMF gave the current economic crisis the rather unimaginative appellation “The Great Recession“. Given that we still don’t know how long this crisis will last, or how deep it will be, events might yet consign this name to history.
Doing a quick trawl of the web, I have discovered a few potential alternatives.
- The Great Deception (*)
- The Bush Kaboom (*)
- Depression 2.0 (*)
- The Flump (*)
- The Clump (*)
- The Not So Great Depression (*)
- The Repression (*)
- The Econopocalypse (*)
- World Crash I
- The De-Hummerization (*)
- The Great Uh-Oh (*)
- The Boomer Bust (*)
- Econorrhea (*)
And what would you call the young people who will be shaped by these events? Generation OMG.
Passive Impressions 
I’ve been wondering about this myself and concluding that “The Credit Crunch” may well stick.
It is the end of days of course. I honestly thought we’d managed to dodge the bullet for 9 months there in 2000, but obviously not.
Right, I’m off to follow your links now.
A/B
The “Credit Crunch” name is probably as the Wall Street Crash is to Great Depression.
I love the sound of the Bush Kaboom, but even though the guy deserves a lot of stick, the elements that gave rise to the current mess were in place long before his rise to power.
I like De-Hummerization – if that’s one of its effects, then all to the good, I say. 🙂