Here is the synopsis of our sample research paper on Post-Bailout Economic Conditions. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 5 page paper discussing general economic conditions and recommending that the Federal Reserve retain current federal funds rate of 1.81 at least through the end of the month in which the Wall Street bailout was approved. Bibliography lists 8 sources.
Page Count:
5 pages (~225 words per page)
File: CC6_KSeconBail.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
fragile in the face of the demise of the housing bubble that could not be sustained; the failure of large public and private financial services and mortgage institutions ensured that
the economy would suffer even further. The outlook for the short term future is far from positive, particularly as funds are only slowly being made available to credit markets
(Crutsinger and Aversa). Recommendation through the end of the year is to leave the current interest rates at their current level. Current Economic and Financial Conditions
On April 6, 2008, former Federal Reserve Chairman Alan Greenspan stated that the US economy had a greater than 50 percent chance of recession (McIntyre).
Two days later, Greenspan stated that the economy is in the "throes of recession" (Lee). Not only did the state of the economy at that time meet the traditional
definition of recession as two consecutive quarters of negative growth, it also did not meet the definition used by the National Bureau of Economic Research (NBER). When final figures
came in for the second quarter, it was revealed that GDP grew 2.8 percent following growth of 0.9 percent in the first quarter (Overview of the U.S. Economy).
That was before the Wall Street meltdown, however. Credit markets already were tightening as investors came to wonder about the real value of mortgage-based
investments; the failure Fannie Mae and Freddie Mac followed by the demise of Lehman Brothers effectively seized up national credit markets. It will be some time still before the
full extent of the effects of astounding failures and the subsequent $700 billion bailout are clear. In the meantime, it is obvious that the US economy is fragile at
...