Thursday, July 3, 2008

Credit Crunch – now recognised in the Dictionary. I think Sheeple will be next…

Credit crunch enters the lexicon

Gone are the days when "crunch" was just something you did with a biscuit. The credit crunch has become such a major issue for households that it has entered into the official lexicon.

Posted by george monsoon @ 02:48 PM (512 views)
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4 thoughts on “Credit Crunch – now recognised in the Dictionary. I think Sheeple will be next…

  • It’s been said before but ‘Credit Crunch’ is a shockingly inappropriate/horribly cuddly term for the financial carnage that is being unleashed on countless billions of people by a banking industry which simply got too greedy.

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  • A few months ago I met Tony Ben. In a speech he gave at Huddersfield University (the most well-attended speech they have ever had!) it was the first time I’d heard ‘credit crunch’ described as a breakfast cereal. But that makes sense — we have ‘collateral damage’ instead of ‘innocent civilian’s body parts spread over a wide area.’

    I suppose it makes sense. If the mainstream media use terms such as ‘financial crisis’ or ‘banking catastrophe,’ both of which are arguably valid, then we may have runs on all the banks and riots in the streets.

    So I’m not sure on this one. Do we make the sheeple are aware of the deep sh*t we are all in, with no sign of our feet touching the bottom as more bad news is released daily, or is ignorance really blissful — right up to the point the rioting breaks out?

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  • planning4acrash says:

    It shouldn’t be in the dictionary. It is a media spin phrase. It means nothing and is an example of newspeak. There is no crunch. It is localised deflation within consumer and industrial credit markets within a backdrop of inflation in banking and hedgefund markets, with hedgefunds taking the balance.

    In otherwords, it is stagflation.

    We don’t need this phrase, it hides the real issues, it trivialises the situation.

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  • 2. dude said… “Do we make the sheeple are aware of the deep sh*t we are all in, with no sign of our feet touching the bottom as more bad news is released daily, or is ignorance really blissful — right up to the point the rioting breaks out?”

    you seem to say this with some degree of authority, like a decision maker. I take it you were temporarily putting yourself in that position.

    If I was in that position I’d lie like hell to save my bits. No I wouldn’t – oh yes I would, wouldn’t. sshhh!

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