Croke, Hilary; Kamin, Steven; Leduc, Sylvain - 2005
likely induce a recession, both in the United
States and abroad.
1
I. Introduction and Summary
As of late, a great deal has … stock market swoons. American
consumer confidence withers. The recession resumes and spreads to the rest of the world … and declines in stock prices which ultimately push the economy into
recession, even as financial markets continue to …