The View from the Bottom

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A 5 page paper discussing the US economy, auto industry and housing market. With GM and Chrysler both in bankruptcy, it is certain that the auto industry will be forever changed. Interest rates are at historic lows but lenders are loathe to extend new mortgages until they see the end of price declines and the economy continues to lose more than a half million jobs each month. The bottom of the trough of the business cycle is an unpleasant place to be… Bibliography lists 6 sources.