The Business Cycle- By Marco Gallardo
Montāžas Teksta
- Slidkalniņš: 1
- There has been a constant expansion for a few months now, due to the expansion unemployment rate was low so Mark was able to obtain a well paying job. After a while Mark was able to save up a lot of money , and when the economy went into its peak, Mark decided it would be the most perfect time to take a loan out to finally be able to afford his dream house. So Mark surprised his wife Laura with it.
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- Slidkalniņš: 2
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- U.S Economy
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- A few weeks later.. Mark saw that the interest rate had gone up by a margin, he also saw that the Economy was going down in a contraction and had a sudden trough, this would mean unemployment rates would rise and for that reason Marks job was replaced with ai to save the company money, this resulted in Mark not having a job and still having a huge loan to pay.
- Slidkalniņš: 3
- This unfortunate set of events and bad timing made Mark have to sell his newly obtained home to pay of his debt due to the loan. Now Mark is living with his wife in a car without a job and only some saved money to live on.