Wednesday, May 13, 2009
Definition of the term
Wikipedia: Green shoots
Green Shoots: A term used in the Great Recession to indicate signs of economic recovery. This term is mostly associated with Fed Chairman Ben Bernanke. The term became popular in March of 2009 after Ben Bernanke used the term in a March 15th, 2009 interview with CBS 60 Minutes.
Posted by drewster @ 11:22 PM (332 views) Add Comment
5 Comments
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1. Done said...
Chancellor Norman Lamont used the expression 'green shoots' infamously in the recession of the early 90's
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3. jonb said...
It was associated with Norman Lamont long before Ben Bernanke started using it.
4. sneaker said...
It's just so darkly hilarious - it's beyond assinine.
Half a million people losing their jobs EVERY MONTH in the US.
75 thousand in the UK.
SO FOR WHOM ARE THE GREEN SHOOTS?
5. drewster said...
I suspect the term has been around since mankind shifted from hunter-gatherer to agrarian society.
Worth a laugh though!