Economic crises

sharp deterioration in economic situation and perspectives

sustained, long-term downturn in economic activity in one or more economies

complex chain of events that reinforces itself through a feedback loop

Marxian theory of causes and consequences of the tendency for the rate of profit to fall in a capitalist system

acute shortage of liquidity

very rapid, deep, and temporary drop in financial security prices

At the micro-economic level, deleveraging refers to the reduction of the leverage ratio, or the percentage of debt in the balance sheet of a single economic entity, such as a household or a firm. It is the opposite of leveraging, which is the practice of borrowing money to acquire assets and multiply gains and losses.

recession in the global steel market during the 1970s recession