Satire Becomes Reality in Our Economic Theater of the Absurd
I previously satirized the fanciful, pollyanish economic spin of the bubble bulls by coining the following phrase:
The Great Pre-Recovery
The Great Pre-Recovery is an Orwellian euphemism for The Great Depression II (our current economy).
The Great Pre-Recovery satirized the real attempt to push nationalization with the term, "pre-privatization"--shamelessly using the term "privatization" to describe the opposite of privatization, the end of private property (government siezure).
Pre-privatized is like a bank robber demanding a pre-deposit at gunpoint.
Bush could have described his Iraq invasion as a pre-withdrawal.
Pre-recovery is the opposite of recovery, before recovery, the lack of any recovery.
Now, truth is as strange as fiction as a real financial analyst uses the "pre-recovery" term:
“The data says contraction is slowing,” said Andrew Richman, who oversees $10 billion in fixed-income assets as a strategist in West Palm Beach, Florida, for SunTrust Bank’s personal-asset management division. “It’s a sign of pre- recovery and it’s negative for Treasuries.” ("Treasuries Fall as Reports Show Improved Manufacturing Outlook," Susanne Walker, Bloomberg, 5/15/09, Hat tip: Mish)Parody is difficult when real-life "experts"/"leaders" reach new levels of absurdity every day.
More surreal analogies:
A Christman Carol: Ghosts of Christmas (May 2009)
Orwellian Newspeak (Doublespeak): Doubleplusgood (July 2008)
Vietnam War 5 O'Clock Follies (Nov. 2007)*Correctly Called Recession
Alice in Wonderland (Oct. 2007)
Science Fiction analogies:
Brazil (1985): Spoor and Dowser "fix" the ductwork (May 2009)
Star Trek (1966): Evil-Twin Captain Kirk Asserts Command (May 2009)
Spaceballs (1987): "Lord Dark Helmet" Bernanke Goes to Plaid (October 2008)