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Essay

Us Economy

Essay specific features

 

Issue:

Business

 

Written by:

James G

 

Date added:

April 11, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 693

 

Was viewed:

5676 times

 

Rating of current essay:

 
Essay content:

Indian equities are at 12000, INR is down at 47.11, and global credit market is in turmoil, liquidity has vanished, deals have dried, and investors have lost around 8000 crore INR so far in IPO’s. Investment Banks are falling like pack of cards, Wall Street is in complete turmoil, world financial system has never looked so vulnerable...
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There is real possibility that world economy would go into deep recession. Euphoria of 2007 seems such a distant dream. So what has changed in one year that has bought the world economy into recession? The word that is most commonly used nowadays is SUB-PRIME. Everyone is blaming the sub –prime lenders and rightly so, but there is more to it, to understand, we need to take a closer look at the US way of living...
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