Financial Crisis
ESL Podcast: In this ESL Podcast we discuss the current global financial crisis. Learn great vocabulary for Business and daily life in this podcast about the financial crisis.
Financial CrisisESL Conversation
| A: I’ve lost a ton in the market over these past few months.B: We’re all in the same boat. It’s frustrating but I think the worst is behind us. Many value investors are jumping back into the market. They see this as a major buying opportunity.
A: I agree. There has been a lot of panic selling. Many people fear the world is coming to an end. I’ve even heard of people taking money out of the banks and putting it under the mattress. B: That’s going a bit overboard I’d say. I think economy will contract until the credit markets get sorted out, but I don’t think this is doomsday. I also think that the market will go up before the economic recovery. The market is a forward thinking animal. A: Let’s hope so. I can’t afford any more sleepless nights. |
Phrases and Vocabulary used:
A ton:
A ton of something means a lot of something. It is slang.
I don’t want to eat dinner tonight. I ate a ton at our business lunch.
We’re all in the same boat:
A phrase that means, “we are all in the same situation”. If you are in the same boat as someone it means you are in the same situation they are in.
The worst is behind us:
This means that the worst part of the situation is over and it will start to improve from this point.
Jumping:
We often use this verb “jumping” to talk about someone going in and out of the stock market quickly, ie. quickly buying and selling stocks.
Panic selling:
Panic selling happens when many investors sell their stocks at the same time because they are scared they will lose more money. Panic selling causes stocks to become “oversold” resulting in a buying opportunity for smart investors.
Mattress:
A mattress is what you sleep on, ie, your bed. Sometimes people hide money and other valuable things under their mattress. They think this is a safe place.
That’s going a bit overboard:
This phrase means to overreact or be very extreme.
“I agree with you that he shouldn’t come to work late, but firing him for being late only once is going a bit overboard”
Doomsday:
Doomsday is the day that represents the end of the world.
The market is a forward thinking animal:
The stock market is often considered to be a forward thinking animal, because many stock prices are based on predicted future growth rather than on current performance.
Sleepless nights:
This term is often used to indicate situations where people are either extremely busy or extremely worried about something.
She had many sleepless nights after her daughter went away to university.
Many people in the US government have had many sleepless nights trying to figure out how to save the economy.
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