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Merriam-Webster’s most searched word in 2010: Austerity

Posted By Barry Ritholtz On December 21, 2010 @ 3:29 pm In Contrary Indicators | Comments Disabled

I have been saying that I think this rally could end sometime next year.

That was before I saw the word of the year: Austerity.

I am wondering if this isn’t the most bizarre contrary and Bullish indicator we have seen:

Time [1]:

The word, which seems to have been in every story about the world’s troubled economies this year, became the reference publisher’s most looked-up word thanks to the policies of euro zone countries following the European Union debt crises, which forced many EU member states to drastically cut government programs and social safety nets.

Is that odd, or what?

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URL to article: http://www.ritholtz.com/blog/2010/12/merriam-websters-most-searched-word-in-2010-austerity/

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[1] Time: http://newsfeed.time.com/2010/12/20/what-is-the-definition-of-austerity/

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