Jul 23, 2017 Research papers

What is Leonhardt`s main point or thesis?

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Consumer Bubble (ENG101DISwk4)


After reading David Leonhardt`s "We`re Spent," respond to the following questions: What is Leonhardt`s main point or thesis? In what way has what Leonhardt refers to as "a fizzling of the great consumer bubble" impacted you and your life? Identify two points the author makes that you agree and/or disagree with. Be sure to include the author`s point in quotation marks for your reader.

Consumer BubbleNameInstitutionIntroductionLeonhardt’s main points include the consumer bubble that has taken place since the recession. It also seeks to analyze the effects that the consumer bubble has caused in the business market. This includes a decline in the job market as well as the consumer purchases. Furthermore, the rate at which the consumers utilize products such as cars, stoves, and gas as well as home appliances has significantly reduced. The paper also attempts to analyze other factors such as the spending by the Federal Reserve Bank. This is in a bid to illustrate the priorities of the country amid the aftermath of the recession. In addition, debt resurfaces as the c...

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