F2F Class Notes (Tibo)

https://edition.cnn.com/2021/03/16/investing/wall-street-covid-inflation-economy/index.html

finish reading the article and write if you agree with the writer or not

wallstreet is an economic street , it is a special street with many business and trades on this street and many important economic decisions have been made on this street.

Covid 19 is not very important factor affect the economy, maybe it will but you see Chinese economy it just affects a littlest.

It proves that covid 19 is not the important point to affect economy.

inflation is very popular this year because some economic crisis they also have the reason is about inflation.

wallstreet is a center of finance / a financial business center, it is a special street with many institutions on this street and many important economic decisions have been made there / they have a lot of influence on the economy.

Covid 19 is not a very important factor affecting the economy, maybe it does but when you look at the Chinese economy it just affected a little. It proves that covid 19 is not the most important point that affects the economy.

/ Covid 19 does not affect the economy as much as people think  ,when you look at the Chinese economy it was just affected a little by the pandemic. / If you look at China, while Covid caused a crash in the beginning of the year, the economy restarted and finished the year only slightly below targets. (nuance a little bit since Covid had an effect on the economy)

inflation is on the rise  / increasing  / people talk more and more about inflation this year because of the economic crisis.
Some have an interest in the issue as they richer with inflation.

they had to give the stimulus money to maintain social order / to keep the society peaceful.

Vocabulary

conspiracy theory (n) 阴谋论
He believes in conspiracy theory and that we never went on the moon.

Venezuela (n) 委内瑞拉
I decided to go to Venezuela on a holiday

Federal Reserve (n) / FED : Central bank of the US ( they decide monetary policies and can print money and adjust interest rates)
The FED announced that they would lower interest rates and the stock market surged on the news

Central bank (n) : bank which rules on money in a country
ECB : European Central Bank
CCB : Chinese Central Bank
FED : US Central Bank

popular (adj) : trendy / something people like
Rap music is more and more popular

prove (v) 证明
I had to prove my identity so I showed my ID card.

digging my own grave : everything I am saying make things worse
I made a mistake and then tried to explain why but it made things worse so I decided to stop because I was just digging my own grave.

grave (n) where people are buried when you die
I visited the grave of my grand grand parents

bull (n) 公牛 / people who expect the market to go up
The bulls won today and the price went up

bullish (adj) : expecting the market to go up
I am bullish on TSLA, I believe it will continue to increase

bear (n) people who expect the market to go down
The bears overcame the bulls and the price dropped sharply

bearish (adj) expecting the market to go down
He is bearish on the stock market because he believes that we will have new lockdowns