Archives For recession

The recession has brought our country a number of new things – and apparently new terms is one of those things. Christian Science Monitor posted 10 new terms for the new economy… here are a few of my favorites:

Funemployment, n.
The practice of enjoying one’s unemployment.

Intaxication, n. A sense of delight mingled with the perception of instant wealth that one feels upon receiving a tax refund.

Recessionista, n. A consumer who has historically paid big bucks to look like a million bucks and who, unwilling to quit his/her fashion habit in the face of the recession, has found alternative ways to maintain a certain standard of wardrobe.

Madoff’d, v. To get ripped off in a particularly offensive fashion.

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Amy Odell of NY Mag’s “The Cut” blog talks about Tiffany & Co’s steep revenue decline – and how the immediate future isn’t looking better.

Read Amy’s article here.

No one is recession proof – not even the glamorous jewlery store, which announced a huge drop off in revenue yesterday.