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1、BBCLearningEnglish6MinuteEnglishCreditcrunchCallum:HelloI’mCallumRobertsonandwithmetodayfor6MinuteEnglishisJackieDalton–helloJackie.Jackie:HelloCallum.Callum:NowJackie,I’mgoingtoplayyousomethingandIwonderifyoucanguesswhatisbeingtalkedabout.ThisisIanMacwhirter
2、,who’sapoliticalcommentator:IanMacwhirterThethingisthatthisisabubble,andallbubbleseventuallyburst,andwhentheyburstalotofpeoplegethurt.Jackie:Wellyougavemeacluewhenyousaidthathe’sapoliticalcommentator–soit’ssomethingtodowithpolitics…Callum:Wellyesandno,really–
3、notexactlypolitics,butcertainlypoliticsareinvolved.Jackie:CanIlistenagain?Callum:Ofcourse.Here’sIanMacwhirteragainIanMacwhirterThethingisthatthisisabubble,andallbubbleseventuallyburst,andwhentheyburstalotofpeoplegethurt.6MinuteEnglish©bbclearningenglish.com20
4、08Page1of4Jackie:WellIguessit’stodowiththeeconomyandtheonethingthatcomestomindatthemomentisthehousingmarket.Callum:Exactlyrightwelldone.HewastalkingaboutthestateofthehousingmarketinBritain.Canyouexplainwhathemeanswhenhesays‘it’sabubbleandit’sgoingtoburst’?Jac
5、kie:ThepriceofpropertyinBritainhasbeengrowingveryquicklyforoveradecadenow.Priceshaverisenfarfarhigherthansalaries.Sothisincreaseinpriceshappenedinastrongeconomicperiod,butnowthingsarenotsogoodintheeconomyandthepredictionisthatpriceswillfallagainveryquickly.Ca
6、llum:Exactly,I’mgoingtotryanddemonstratethisnow.Ihaveaballoonhere,andasIstartblowingitgetsbigger,andbigger,andbiggerbutitcan’tgoongettingbiggerforever,atsomepointitbecomestoobiganditbursts.Sothat’swhat’shappenedtothehousingmarketinBritain.Priceshavegotsohigh,
7、theycouldn’tgetanyhigherandthebubblehasburst–pricesarecomingdown.Jackie:Youwouldthinkthatwouldbegoodnewsbecauseitmeansthathouseswouldbecomecheaper,moreaffordable.Callum:It’sgoodifyouwanttobuy,butforthosewhowanttosellitmeanstheirhousemightnotbeworthasmuchasthe
8、ypaidforit–thiscanleadtoalotoffinancialdifficulty–thehurtthatIanMacwhirterreferredto.Thissituationisknownas‘negativeequity’,‘negativeequity’.Effectivelythismeansyourpropertyisworthlesstha
