The Current US Recession

Paper Summary:

This paper presents a research proposal to investigate how the current US recession will effect the global economy. The paper relates that the research will include a review of literature focusing on expert financial forecasting in the wake of the current market, as it is reflected by historical recession events in the US. The paper also describes the importance of the study and the methodology.

Table of Contents:
Introduction
Statement of Problem
Purpose of the Study
Importance of the Study
Methodology

From the Paper:

"Summers and others then contend that a severe reduction in government spending is called for to reverse the effects of an extreme situation. Yet, this answer does not necessarily resolve the reduced consumer confidence or the level of unemployment that has again grown, as is expected in recession years. It is therefore essential that an understanding of potential global reverberations be gained by current and demonstrative research and literary support by experts in economic forecasting The problem of this research is the essential lack of understanding of the global impact of the current US recession."

Sample of Sources Used:

• Brummer, Alex. "It's Still the Economy, Stupid: Reckless Lending in America Is Giving the World Markets the Jitters. but in Washington, the Big Worry for Presidential Hopefuls Is Who Benefits Most from an Election-Year Recession." New Statesman 5 Nov. 2007: 20.
• "Fears Housing Crisis Could Lead America into Recession; US ECONOMY." The Birmingham Post (England) 25 Aug. 2007: 21.
• Gillis, Art. "The Future of Outsourcing: Ten Factors Govern the Direction Core-Processing Outsourcing Will Take in the Next Decade." ABA Banking Journal 94.2 (2002): 23.
• Jasper, William F. "Reining in Spending: This Nation Is Headed toward Economic Collapse If Washington's Spendathon Continues Unabated. but the Good News Is We Can Do Something about It." The New American 4 Feb. 2008: 10.
• Rothermund, Dietmar. The Global Impact of the Great Depression, 1929-1939. London: Routledge, 1996.

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