Clarification of a Phrase

I would like to quickly clarify a phrase I have been using on this blog…

The phrase is “this period of economic weakness.”

The reason I use the term is that, as I have explained in this prior post:

that our current economic environment is difficult to classify.  Furthermore, it is a very fluid situation that can change quickly.

Therefore, rather than getting “hung-up” on terminology, I seek to simplify matters by just calling our current economic situation “this period of economic weakness.”  I hope the phrase does not in any way diminish the implied severity of our economic situation.

SPX at 946.01 as this post is written…