Economic Recovery

A detailed Summary of Economic Recovery

After the September 11th tragedy, our economy was in serious jeopardy of entering a recession. After months of great decision making by Alan Greenspan, economic analysis, and the benefits of a flexible economy, it seems we have fared very well and are recovering much more quickly than expected. The article "Lessons of Expansion are Helping Economy Beat Recession, Too" by Ip and Gold of The Wall Street Journal, stresses that our economy is much more flexible today than it has ever been before. Industries using modern technology can adjust inventories and analyze sales in a very short period of time which helps them make informed decisions on what to do with their businesses. Keeping production lines running is hindering rises in the rate of unemployment, and offering products to consumers at competitive prices.

Aiding the economy in recovery are very low mortgage rates on homes and zero percent fi

The most resilient and critical part of the recovery without a doubt has been the financial market. With the prices of houses and property going down, and the decrease in mortgage rates, families are refinancing and spending the equity they earn, therefore keeping the money in the market. Any new homes on the market that were not sold have recently been sold by adding incentives, and giving the consumer more confidence in the dollar. This is a trend that we have seen throughout our economy in the last year.

Technology and leadership are clearly the factors to be thanked when looking at the strength of today's economy in the U.S. Our amazing flexibility as American consumers and businesses has softened the blow to our economy, and to our pocket books. Competition in our market keeps our dollar strong, and this is critical when our country has experienced tragedy like ours in the past year. After

Some common words found in the essay are:
Street Journal, Alan Greenspan, , mortgage rates, labor force, capital spending,

Approximate Word count = 609
Approximate Pages = 2 (250 words per page double spaced)

Category: Miscellaneous

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Economic Recovery

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