Wait, So We're Not In A Recession?
Apparently, the economic turmoil we've been experiencing for the last couple of years is not a recession after all.
Tuesday, April 20, 2010 17:27 GMTAUSTIN, Texas (Wireless Flash - FlashNews) Times may be tough, but what were experiencing isnt a recession after all.
Thats the word from Paul JJ Payack of the Global Language Monitor, a company that tracks word usage trends around the world.
According to the word nerds, were not technically in a recession, its just hard to describe the economic crisis any other way.
Though many have called the downturn The Great Recession, Payack insists its not a recession, neither great nor small.
Instead, he believes the current situation is really a global transference of wealth, power, and prestige on an unprecedented level carried out by means we havent seen before.
It doesnt resemble any crisis of the past, so therefore it shouldnt be referred to as a recession.
Payack, however, is at a loss for words on this one.
He admits that even the GLM is finding it difficult to officially name todays economic crisis.© Copyright 2010 Wireless Flash News Inc