scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 740
The General State of the United States EconomyThere are various reasons for the result of the recent stock market tumble There is not just one direct cause for instance the recent presidential election It is a result of both the 2000 election and simply just a natural course of events that generally approaches once prosperity reaches a certain level Whether or not this tumble will make a recovery we really dont know Because of this the word recession has been booming around news stations But is our economy witnessing a slow down or is a recession actually heading our wayStocks are experiencing losses in almost every sector and the damage varies depending on the sector During the week of December 11th many of the big gainers have hit bottom usually somewhere south of 2 per share An example would be the data management software provider PASW who had a 412 percent gain Yet even with that big jump shares are only at seventy-five cents leaving the stock market down 868 percent for the year There is a growing list of factors including contested election results earnings warnings fears about interest rate hikes heavy margin calls and perhaps most significantly concerns about a slowing economy have exerted tremendous downward pressure on the market One solution to the problem maybe to have the Federal Reserve change its stand on interest rates However until there is a clear bottom investors should focus on some of the profitable big players that have taken hits this fall Companies such as America Online and eBay are at 52 week lows while Inktomi is at its cheapest price in nearly two years There are many other companies that stand to survive the shakeout and prosperSome say that the economy is semi-sound except for the United States manufacturers They have become significantly less optimistic about the economic outlook for the next twelve months and see scant growth in capital spending reinforcing concern that
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA