econocrap 

The state of the current crap economy.

I can't believe they want 5% growth for the 2010 budget with this econocrap.

econocrap by plush13 September 19, 2009

Econoception 

is a term that symbolizes how the markets (and society in general) ignore the reality and rather trust the perception gathered through media and others.

It is also supported by the theory that "as long as the numbers stay in line with previously acceptable economic data, the world won’t fret too much about what is happening on the ground."

Basically it is the amount of shit perceived as real by the majority but underneath the facts say the opposite. Rising econoception is the rising amount of shit covered up by the facts which will eventually be exposed causing a declining econoception where the shit has been exposed and hit the fan.

An example can be made also in relationships...
If you think things are going bad with your girl and she's cheating but you stick with her... thats rising econoception. Eventually the truth will come out that she is banging your best friend and you'll kick your ass (or he will for you?). Then a violent declining econoception starts because you about to jump off a building due to the truth kicking your ass.

Or another very simple example is a thai ladyboy... do a search on google images and you'll witness what we talking about. It looks great in the beginning if you a straight guy (rising econoception) and no matter how much you want to believe it... in the end IT will catch up with you (declining econoception).

A more formal example in the first world is the US mortgage crisis. Enough said.

So a lot of people rather trust the perception and ignore the reality and so... Econoception is born.

Econoception by realitysabitch April 17, 2009

Econocalypse 

The end-of-the-world scenario portrayed in the media, caused by the global economic downturn.

It looks like the econocalypse is coming...

Econocalypse by AllTheNamesAreUsedByOtherPeeps July 22, 2009

econoclast 

n. 1. One who attacks and seeks to overthrow economies.

2. One who destroys faith and trust in sacred economic principles.

(With apologies to the American Heritage Dictionary)

Those who demanded the removal of safeguards provided by common sense, accounting principles, fiduciary obligations and minimal regulation were in fact, econoclasts.

Who needs thieves and extortionists when you have econoclasts?

He was accused of being an econclast, but he was in fact an econopath, i.e. he couldn't help himself.

econoclast by astronav November 23, 2009