Recessions

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Since US Congress created FED giving it ability to emiting money without gold reserve economy of our countries struggles with periodical recessions. First of them was obviously Great Depression which was very unexpected. I've watched film from "The Economist" about this topic and although now is better access to informations financial system is more complicated than in the past. The advise is to cooperate with other countries in preparing to next depression. However, it will be hard with strongly polarized politics nowadays.

downturn,  Our budget isn't prepared for such a sudden downturn
jittery,  The recession started innocently with making flat market a bit jittery
intrest rates, NBP increased intrest rates recently, so it's much more expensive to get the credit

Komentarze

  1. Unknown6 marca 2019 12:56

    https://www.youtube.com/watch?v=rD7KNVzkLPw

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  2. englishdiary12 marca 2019 23:54

    It will be hard with unethical banking systems where people are motivated by greed and don't care about anything bigger than their own gain and politicians unable to see beyond the next election.

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