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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Acts that are explained because the person who done them is capable of doing so!
Example: self-destructive art installations.
Inverse..
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Masturbating twice to ten times as hard
Johnny: I saw Steve Jackurbating now his dick fell off and he acts like he still has it! Haha f..
