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May 5, 2008

Greenspan Goes for "Pale Recession" Googlewhack

Alan Greenspan must have been up late in the bathtub again last night. In a new Bloomberg interview he coins yet another of his colorfully empty expressions: "pale recession", to describe the current economic weakness. That one now goes on the list alongside "irrational exuberance" and, yes, "infectious greed", both of which are cutesy things the ex-Fed chief came up with (really!) while bathing.

But turning to this new one, just WTF is a "pale recession"? It sounds like a Clint Eastwood flick crossed with a Nabokov novel, which makes about as much sense as it could given that muddled genealogical line. What does it mean?

Nothing, is my guess. Clearly Greenspan is up to media tricks and the 82-year-old is going for a Googlewhack -- a short search for which there is only one Google result -- and he has almost pulled it off, as you can see below:

Am I the only one tickled that the other results, not counting his own quote, are almost all to French existentialist Albert Camus? Well, maybe that's just me.

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