donut economy
n.— «Economists now refer to the US as having a “donut economy”- it is hollowed at the center, heavily reliant on cheap imports from China, excessive military spending and a corrupted stock market to drive it. The US mortgage scandal has been compared to a Ponzi scheme-funny money, chasing funny money that ultimately vaporizes.» —“World Issues: “M” is for Multilateralism; “D” is for Delusional” by Robert Billyard Canadian Democratic Movement Apr. 10, 2008. (source: Double-Tongued Dictionary)
Further reading
Sure, there’s winter, spring, summer, and fall. But the seasons in between have even more poetic names. In Alaska, greenup describes a sudden, dramatic burst of green after a long, dark winter. And there are many, many terms for a cold snap...
When there’s no evening meal planned at home, what do you call that scramble to cobble together your own dinner? Some people apply acronyms like YOYO — “you’re on your own” — or CORN, for “Clean Out your Refrigerator...