04 December 2008

december's terminology

politicians, central bankers, and fund-seeking ceo's worldwide, but especially in the U.S., are being quite careful in their public pronouncements, to rationalize the need for more deficit spending using the words "to pull (us) out of 'recession'". those words are not accidental. they are due to the pre-Xmas shopping season.

in January of 2009 the words of choice will become "in order to prevent a Depression" which will ratchet up the anxiety factor and have the added benefit of being accurate.