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Patrick Hill Econ 301 Burak Sungu 8 April 2011 Bob Rupp-Extra Credit Assignment #1 Bob Rupp discussed many subjects on Friday, March 25 but all of which were prevalent to all of us. Mr. Rupp discussed many macroeconomic factors that have influenced “the Great Recession” as well as factors that explain our current economic status. He spent a lot of time discussing the “Great Recession.” Then he spent a great deal of time projecting where the economy was heading. The remainder of the time he had a question and answer section. Everything he presented was interesting including the synopsis of the “Great Recession.” Mr. Rupp started talking about how the current recession started and why it is as severe as it is. He discussed how housing, unemployment, and high deficit spending were all interrelated. The inflated real estate market lead the market to believe that housing prices will never fall and people started to invest heavily into poor mortgage backed securities. Eventually, when people started
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This document was uploaded on 11/01/2011 for the course ECO 301 at Miami University.
- Spring '10