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Essay on The Economy during Election 2000 | ||
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This is the first 1,000 characters of 758 words (3.03 pages) in the essay titled The Economy during Election 2000 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 don’t 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 way. Stocks 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 41.2 percent gain. Yet even with that big jump, shares are only at seventy-five cents leaving the stock market down 86.8 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 play... |
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Keywords: 52 week lows, ebay, stock market, interest rate hikes, recession, significantly, inktomi, prosper, optimistic, united states economy, election 2000, presidential election, news stations, somewhere south, economic outlook, data management software, downward pressure, software provider, gainers, federal reserve