What is Second Great Contraction?
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The worldwide financial crisis of the late 2000s that started with widespread the American subprime mortgage defaults and led to the collapse of many overleveraged Wall Street firms such as Bear Stearns and Lehman Brothers. The resultant recession has been deep and both monetary and fiscal policy have taken unprecedented steps in order to curtail its negative impact in efforts to prevent the credit markets from freezing and to stimulate spending.
Everyone keeps comparing the Second Great Contraction to the Great Depression, but only time will tell how similar they truly are.
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Random Words:
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when you bend over only to reval one cheek and let one rip
Brittany cheek sneeked on Tyler..
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An extremely funny and intelligent Canadian Comedian whose comedy focuses mainly on Canada, its politics, culture, and people.
He is ..
