Credit crunch - BBC Learning English 6 Minute English...

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BBC Learning English 6 Minute English Credit crunch 6 Minute English © bbclearningenglish.com 2008 Page 1 of 4 Callum: Hello I’m Callum Robertson and with me today for 6 Minute English is Jackie Dalton – hello Jackie. Jackie: Hello Callum. Callum: Now Jackie, I’m going to play you something and I wonder if you can guess what is being talked about. This is Ian Macwhirter, who’s a political commentator: Ian Macwhirter The thing is that this is a bubble, and all bubbles eventually burst, and when they burst a lot of people get hurt. Jackie: Well you gave me a clue when you said that he’s a political commentator – so it’s something to do with politics … Callum: Well yes and no, really – not exactly politics, but certainly politics are involved. Jackie: Can I listen again? Callum: Of course. Here’s Ian Macwhirter again Ian Macwhirter The thing is that this is a bubble, and all bubbles eventually burst, and when they burst a lot of people get hurt.
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6 Minute English © bbclearningenglish.com 2008 Page 2 of 4 Jackie: Well I guess it’s to do with the economy and the one thing that comes to mind at the moment is the housing market. Callum: Exactly right well done. He was talking about the state of the housing market in Britain. Can you explain what he means when he says ‘it’s a bubble and it’s going to burst’?
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