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Posts Tagged ‘recession’

Like just about everyone else on the planet, I’ve been hearing and reading a lot about the current economic crisis / downturn / recession. Although it started in the U.S., we’re definitely feeling it here in Europe too. I had a sort of vague understanding of what happened – the housing market was crazy and out of control for quite a while until it sort of crashed and burned last year – but I (obviously) couldn’t explain it very well to someone who asked me about it.

My problem was that most of the stories I was hearing and reading seemed to assume that readers had a basic understanding of the situation. Of course, my ignorance was my own fault; I hadn’t seriously looked for an in-depth explanation. However, I serendipitously found one last week in podcast form.

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