Word Watch: Economic collapse edition
by Josh Kimball
I have posted on new and/or fake words in a long time. Here are a couple of terms related to our current global economic meltdown. HOW COULD YOU NOT ENJOY THE HELL OUT OF THIS??!!!?????!!!!
Collapsitarians: Kevin Kelly examines “collapsitarians,” people focused on a doomed future, separating them into six camps.
Homedulgence: Basically, it’s the idea of retaining one’s indulgences while staying at home, despite the economic downturn. [wordspy]
Stag-deflation (I’ve also seen it written as “destagflation”): A stagnating economic period (recession) driven by deflationary forces, rather than inflationary ones.