Economic Pearl Harbor

Business, Legal & Accounting Glossary

Definition: Economic Pearl Harbor


Economic Pearl Harbor


Full Definition of Economic Pearl Harbor


Phrase used by Warren Buffett in 2009 when referring to the financial crisis in the United States. Buffett used this phrase to symbolize just how bad the economic situation was in 2008-2009, as the banking sector was close to collapse. The phrase can be interpreted to indicate that the economic problems would continue for a while, and be very difficult to recover from, although hopefully recovery will happen eventually with the continued help of the U.S. government.


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Definition Sources


Definitions for Economic Pearl Harbor are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.