Firstwe'llhear a shortarticleintroducingthevocabulary.
Thenwe'llgoovereachwordindetailwithsomeexamplesentencestoshowhowyoucanusethewordsAttheendofthevideo, you'llhave a chancetoreviewandpracticeyournewvocabulary.
Theglobaleconomicmeltdownthathasledto a worldwiderecessionstartedwith a creditcrunchinthe U.
Nowit's yourturntopracticesomeofthewordswehavestudiedinthisepisodeyou'llhear a Sirisofsentenceswiththewordblankedoutorreplacedwith a B Repeatthewholesentence.
Butsaythemissingwould, forexample, ifyouhere.
Despitethecredit, uh, theymanagedtoget a mortgageatreasonablerates.
Youshouldsay, despitethecreditcrunch, theymanagedtoget a mortgageatreasonablerates.
Willplayanexample.
Answeraftereachexercise.
Areyouready?
Let's begin.
GMexperienced a insalesasrumorsoftheirpossiblebankruptcygrew.
Answer.
GMexperienced a meltdowninsalesasrumorsoftheirpossiblebankruptcygrewduetoourlowcreditrating, wecanOnleyqualifyforahmortgageanswerduetoourlowcreditrating.
WeakenOnleyqualifyfor a subprimemortgageBankbalancesheetshavebeenseverelyaffectedbytheamountofassetsthey'reholding.