What will the coming global economic depression be called?
Sine Language asked:
WW1 was called the Great War before everyone decided to have at it again, so they had to rename the wars as World Wars 1 and 2. Since it looks like we will now have to rename the Great Depression, what would you suggest? World Depression 2 does not sound very good. Maybe The Coolidge Depression and The Bush Depression?
WW1 was called the Great War before everyone decided to have at it again, so they had to rename the wars as World Wars 1 and 2. Since it looks like we will now have to rename the Great Depression, what would you suggest? World Depression 2 does not sound very good. Maybe The Coolidge Depression and The Bush Depression?
At what point during the Great Depression did economists start calling it a depression?
rpg asked:
I’m just wondering whether pundits and economists called it a “recession” or a “downturn” or other such euphemisms until long after it was over, when it was finally acknowledged to be a depression, or whether they called it a global depression right from the start.
I’m just wondering whether pundits and economists called it a “recession” or a “downturn” or other such euphemisms until long after it was over, when it was finally acknowledged to be a depression, or whether they called it a global depression right from the start.