The official
Dela Cruz English Club's Blog.
English Tips, News and everyday life from the DCEC team.
10/05/2011
Deja vu
Have you ever had a déjà vu?
For those who do not know the meaning of déjà vu, it is the feeling that what is happening now has happened before in exactly the same way.
The recent stock market crash and the EU’s bailout plan for Greece are very reminiscent of the 2008 recession which caused a lot of companies to go bankrupt. Most countries (United States and Japan included) are not faring really well in this ongoing economic slump. However, some countries are using this economic stagnation to their advantage. While the big economies are halting, the developing countries are roaring ahead. Just take for example Brazil, Russia, India and China or collectively known as BRICs.
The situation is very unpredictable. It can go either way, for the better or (Heaven forbid!) for the worse. But what is interesting, the current situation of the United States right is depicted in an animation dating to the late 1940s.
Have you ever had a déjà vu?
For those who do not know the meaning of déjà vu, it is the feeling that what is happening now has happened before in exactly the same way.
The recent stock market crash and the EU’s bailout plan for Greece are very reminiscent of the 2008 recession which caused a lot of companies to go bankrupt. Most countries (United States and Japan included) are not faring really well in this ongoing economic slump. However, some countries are using this economic stagnation to their advantage. While the big economies are halting, the developing countries are roaring ahead. Just take for example Brazil, Russia, India and China or collectively known as BRICs.
The situation is very unpredictable. It can go either way, for the better or (Heaven forbid!) for the worse. But what is interesting, the current situation of the United States right is depicted in an animation dating to the late 1940s.
