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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The Colour of the traffic lights as they change from yellow to red
Wife:You just went through a red light
Husband: Nah! it was Panelb..
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Indie Record Label and Recording Studio located in Dallas Texas. Founded by Billy Syn, Mario T, Kelly Syn and Associates
Billy Syn, fr..
