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Debacle 1100 Words You Need Week 35 Day 2

Published on October 11th, 2020 | Last updated on October 11th, 2020 by | No Comments on Debacle 1100 Words You Need Week 35 Day 2 | 70 Views | Reading Time: 1 minute

Debacle 1100 Words You Need Week 35 Day 2

Debacle 1100 Words You Need Week 35 Day 2

/deɪˈbɑː.kļ/ (noun)

a complete failure, fiasco, an utter failure or disaster, catastrophe, mess, ruin, downfall, collapse, defeat, chaotic failure, tragedy, calamity, misfortune

A financial crisis or debacle is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in significant changes in the real economy (e.g. the crisis resulting from the famous tulip mania bubble in the 17th century).

Source: https://en.wikipedia.org/

Antonyms: success, triumph, victory


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