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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A person we refer to as albondiga. Down for anything. LOL also smokes ciggerattes like if they were weed. Smokes the filter even.
Lui..
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A womans large breast
Did you see the size of those things, there Godzilla bisquits!
See godzilla, bisquits, boobs, tits, breast, jugg..
