Global Squeeze
From Wikipedia, the free encyclopedia
Global Squeeze is a term coined by the media to refer to the current global financial crisis. It's been used by various news sources, and usually refers to a negative turn in the financial well-being of the world.
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[edit] History
One of the first references to this term was used by the BBC in early August 2008 [1]. It has then been reused by other media, financial sites, and experts to refer to the state of the world.
[edit] Features
A global squeeze can include many features, mainly related to finance and money:
- Drop in stock markets
- Increase of the cost of goods such as food and oil
- Increase in foreclosures
- Companies going bankrupt
According to the National Post, the oil crisis could make the global squeeze a permanent situation.[2]
