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What's the Best Name For the Current Economic Situation?

What's the Best Name For the Current Economic Situation?

Whenever there's something big going down, the people responsible for reporting on it are inclined to come up with a name for the situation. Throughout these uncertain economic times, there have been several references introduced, from the straightforward credit crisis to the government involvement derived Great Intervention.

Ali Velshi, the chief business correspondent for CNN, notes that a truly accurate name can't be given until the economy has started to recover and said, "We need some time to go by before we know what the turning points are and what actually happened." That may be true, but the current economic situation needs a name for the time being. All of these choices have been thrown around in the media — which do you think is most appropriate?


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