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us recessiom

Essay specific features

 

Issue:

Business

 

Written by:

Dale F

 

Date added:

April 30, 2012

 

Level:

University

 

Grade:

C

 

No of pages / words:

3 / 686

 

Was viewed:

7217 times

 

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Essay content:

Sub-prime is a high risk debt offered to people with poor credit worthiness or unstable incomes. Major banks have landed in trouble after people could not pay back loans. The housing market soared on the back of easy availability of loans. The realty sector boomed but could not sustain the momentum for long, and it collapsed under the gargantuan weight of crippling loan defaults...
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The realty sector boomed but could not sustain the momentum for long, and it collapsed under the gargantuan weight of crippling loan defaults. US consumer spending The spending bubble on consumer durables - that is, on autos and housing durables - is going bust. It was largely spending borrowed from the future to be implicitly followed by payback time...
displayed 300 characters

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