Amid financial ruin, Greece just had their bailout referendum on whether they will agree to the conditions set by the European Commission, the International Monetary Fund, and the European Central Bank (they voted no). Elsewhere, stock markets in China have experienced their biggest plunge since 1992. The last great economic recession we’ve had was back in 2008 with the American housing crash, and we may be in the verge of another one. If you don’t know what any of this means, then perhaps it’s time to learn a bit about financial disasters and how they happen. (more…)
