The Great Recession. Remember That Phrase.

Depending on your definition of a "depression" and what metrics you are watching, we are smack in the middle of an ugly one.

But nobody wants to admit it. They are calling the current downturn in the global economy a "recession" and nobody is giving any indication of wanting to say

The "D" Word.

So fine, it's not a depression. It's just the worst recession you will ever see in your life. We'll just call it the Great Recession then. You heard it here first.