I really don't like the use of "this economy" to describe... this economy. You know, as in "With this economy, it's not a good time to quit your job".
In France, they call every recession, including this one, a "crise". I don't care for that, since they are never as sharp and definitive as a crisis should be, in my book.
Planet Money has just done a story on this issue:
http://www.npr.org/templates/story/story.php?storyId=99885806&ft=1&f=94427042
What do you think?
I'm guessing that years from now we will mostly refer to it simply and generically as a recession, albeit a fairly serious one. Are you old enough to remember the banking crisis and credit crunch in the 1980s, as well as the stagflation and energy crisis of the 1970s? I think much of what is bothering people about what's going on now is that so much of it seems like it was avoidable!
Or maybe the Great Recession?
Of course, now you guys have me wondering if we're ever going to come up with a name for this decade besides the "00's."
The communiaction decade (cell phones and internet)
I like the term "Crecession" reminds me to the cretaceous period, the final time period of the dinosaurs.
Just yesterday I learned the word "econalypse" from Grant's Doubletongued newsletter.