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Essay / Research Paper Abstract
This 5 page paper is written in two parts. The first part of the paper looks at the economy and the influences on the economy in the first part of 2008 in order to make and justify projections for the following 18 months, looking at the GDP and performance of the stock market. The second part of the paper identifies and discusses an industry that is likely to do well even during difficult economic conditions; the industry chosen is the oil industry. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEfore08.rtf
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Unformatted sample text from the term paper:
problem in the underlying economy, and while increasing interest rates would have strengthened the dollar in the international money market, it would have created more problem for the US economy
increasing interest rate payments for those with debts at a time when there is a slow down in the economy credit crunch being lead by the sub-prime crisis. In effect,
an interest rate increase could have worsened the economic condition. Looking at this issue in more detail, which may be seen as both an influence and an indicator of
some of the current economic issues, there is the ability to see the interdependent nature of the influences within an economy. The
sub-prime lending market in United States has been facing difficulties over the last few years. This market, also known as the secondary market or second chance lending market is the
source of loans from consumers who have poor credit histories and would not otherwise be able to borrow money. The sub-prime market lends money to these individuals at a higher
interest rate than the usual or prime market due to the higher risk; the likelihood of default 10 times greater than the prime market, but the majority of loans;
95%, do not suffer from default. Banks and lenders have targeted the market and leant large amounts, sometimes amounts that were not affordable, and this may not have been realized
due to the use of escalating repayment plans. It is estimated that this market it worth somewhere between $1.5 trillion and $3 trillion (Lee, 2007).
The current problem is due to the large amounts of defaults taking place, interest rates rose and some people defaulted, at the same time with higher
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