The Bubble Economy (i.e., Dot Com, Housing, Oil) has found a new home–in the English language.

A group called the Global Language Monitor is busily adding words to the English tongue at a rapid pace, something like one new word every 98 minutes.

Now, if you think about it, if you’re adding one new word to any language every hour and a half, you’re just playing games. Witness one of its latest English additions–ginormous. It sounds cute, but it’s not English–it’s texting or BSing.

Anyway, the combined BS coming out of the ersatz Global Language Monitor has even fooled–Bernie Madoff style–publications as otherwise prestigious as The Economist and The Christian Science Monitor into predicting that 2009 will usher in the English language’s one millionth word.

My take? More than 900,000 of those words (maybe more like 970,000) are ridiculous slang and weird constructs. If I grunt, is that a word? Probably, according to the Global Language Monitor.