Today in Social Sciences, Paqui has said that she has checked all the journals!
We have started reviewed the USA. Gema has participated and Paqui has called the attention to Pilar and Javi. Then, Paqui has explained a bit all that we saw on Wednesday.
Then, Paqui has continued with the powerpoint and she has written some words on the blackboard and she also has looked for some words on the dictionary. She explained the point about "Investiment euphoria and speculation". This point talks about many people went into debts and they boutht houses or stocks in the Stock Market and It also talks about the Real estate bubble and the Stock Market bubble.
Paqui has explained what is a "burker" and Salva has said that is the same in spanish. It is someone who buys or sells stocks on someone's behalf.
Raquel has asked Paqui if she has been on the beach and Paqui has ignorated her! jaja :)
Then, we have spoken about the symptoms of the crises. Paqui has changed a scheme and this is the scheme:
Raquel has interrupted the lesson again saying that on blogger there is a Paqui's photo and she is very good looking girl.
Paqui has explained another scheme about the economy contrated:
Then, Paqui has explained us an example.
1 litre milk = 1€ (if you devaluate, next day it would be 1.20€)
Raquel has asked Paqui if she prefers the dollar or the euro and she has answered that she like the euro but it could be more flexible! Then, we have talked about George Soros, a multimillionaire that attacked the British pound.
Pilar has explained what happened in Spain when the peseta changed instead of the euro. A man went to the bank and he said " Change me all the pesetas in euros" and he won a lot of money. Paqui has explained that 1€ is 166.386 pesetas. She has said that there are many countries such as Greece, Portugal, Spain and Italy that agree with going out of the euro but Europe depends of fifeteen countries and there are a lot of them that are in desagreement with this. Then, Paqui has said us an example about the USA and Asia. They were agree and they went out of the euro. Paqui has continued with the power point and the bell has rung!
-Real estate bubble: burbuja inmobilaria
-easy loans: créditos fáciles
-Stock Exchange Market bubble: burbuja bursátil
-do the pools/bet in the pools: echar la quiniela
-the pools: la quiniela
-broker: someone who buys or sells stocks on someone's behalf
-in isntalments: a plazos
-foreclosure: embargo, desahucio
-to go bankrupt: ir a la bancarrota, hundirse
Pd: (I have counted all times Paqui has said "SILENCE").
Result: 15 times :):):):):) ¡Olé Paqui!)
I hope you like my journal!
See you! :)