by Calculated Risk on 4/24/2008 06:09:00 PM

Last year we had "subprime" and "contained", two words frequently used together as by Bernanke in March 2007:

"the problems in the subprime market seems likely to be contained".

Contained became a joke at the end of many posts, and Tanta's brilliant - "We're all subprime now!" - must have been the phrase of the year (at least for UberNerds).

Of course Merriam-Webster chose w00t. Yes, the housing bears owned the housing bulls - again.

Reader Matt suggests "perfect storm" for 2008. He has seen the words perfect storm used to describe the results of 'airlines, food, oil, foreclosures, condo sales, and credit problems'.

I'm leaning towards "negative equity" or perhaps "Hoocoodanode?" (makes a great post tag line). Of course it's still early ...