Americas Economy Today Essay -- essays research papers

Americas Economy TodayWith all the frightful publicity about the economy nowadays anyone with access to a TV, magazine, or newspaper should be whateverwhat familiar with the current economic crisis here in America. It seems like the Dow Jones Industrial Index and the S&P d Index are dropping lower every day, not to source the poor condition of tech stocks listed in Nasdaq. Heres some current stock market figures that display the markets current deterioration The Nasdaq tycoon lost 8 percent of its value, putting it nearly two thirds sullen its peak last year, the Dow Jones big businessman closed below 10,000, ending its biggest one-week acme drop in 11 years, the S&P 500 index is now down 25% from its peak last March. This marks the trigger of the first bear market in half a generation. The futurity certainly looks grim just by looking at the major(ip) indexs performance, but that is not the only thing we bedevil to worry about. Consumer spending fuels two thirds of the economy and consumer confidence fuels consumer spending. So outlying(prenominal) this year, consumer confidence has been dropping drastically. People have still been spending at about an average rate, but as the market continues this downward verticillate people will definitely begin to hold onto their money a little tighter. Everyone knows about the big tax cut George supply is shiny us, but how much will it really help the economy? The Bush administrati...