Unformatted text preview: In the article the author discusses how homeowners register their affects of losses of the value in homes and wealth and in turn people would cut back in spending. The article also reflects on the falling hosing wealth causing a crimp in spending by the restriction of getting credit. In the article “Ports in a Storm” the author writes about the fact that since the economy has been in trouble more people than in the past are signing up for business schools in the MBA program for business administration. In this article one of the principals of economics that is discussed is the cost of something is what you give up to get it. The author discusses how people will give up their earnings while studying in order to work towards the goal of obtaining a master’s degree in business administration....
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- Spring '10
- Economics, poorer households, richer households