The real reason for the recession wasn't the credit crunch because the statistics show an increase of granting of credit, that means that there isn’t a deficit of money or a credit crunch. But, if it wasn’t a credit crunch, what are the reasons for this recession?
It can be a crisis of trust because people thought that the credit crunch was coming, the statistics don’t show this because, it can have an effect on it, but just at a short time and statistics are based on a long time The fact is, that the credit crunch wasn’t there but many people lost their trust in the financial world, so it can have an effect on it, but it can’t be the real reason .
Charlotte De Zaeyer
2 opmerkingen:
cause (not: course)
an increase IN credit
new sentence after credit please
It can be --> It may have been
start new sentence after 'coming'
no comma after 'because'
effect on what?
in the short run, in the long run
1st stce of 2nd par. is far too long
no comma after 'is'
it can have an effect on it: what on what? This is all very vague...
The real reason for the recession wasn't the credit crunch because the statistics show an increase in granting of credit. That means that there isn’t a deficit of money or a credit crunch.
The real reason for the crisis can be a crisis of trust, because people tought that the credit crunch was coming, but he didn't came. There were always money, so the credit crunch wasn't the real reason for the crisis.
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