I suggest we assign economic recessions male and female names like we do with hurricanes. It would make each recession more specific and memorable (a la “Hurricane Andrew”, rather than “The big hurricane around 1992”)

A recession is like a hurricane in many ways: It travels a deadly path from one financial sector to another, destroying all profits in its path and affecting the health and wealth of everyone remotely near to it financially. It leaves financial ruin and financial injury (poverty; layoffs) in its wake which take many years to recover from.

Phundug. Andy says, “Recession George.”

Posted: Monday October 13, 2008 by Alesh Houdek · Categories: Politics · Comment feed: RSS, atom

 

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