Extra Credit Essay Example | Topics and Well Written Essays - 500 words - 3

Extra Credit - Essay Example At the beginning of the 21st century, the amount of money in the entire world’s savings—including retirement funds, insurance funds, central bank savings, and other funds—went from $36 trillion to $70 trillion. That $36 trillion was the result of hundreds of years of growth, and then suddenly there was this unheard of expansion of funds, because countries like India and Saudi Arabia were making a lot more money and adding to that pool of savings. Before 2000, investors would do everything they could to protect their investments, and would put their money into safe investments such as municipal bonds. Then, when the funds nearly doubled, the investors ran out of places to invest their money, because although the money looking for investment opportunity doubled, the available good investments did not double. So when the demand for investments couldn’t be met, someone had to create a product that would provide more investment opportunities and meet that deman d. What happened next was what Malcolm Gladwell calls a â€Å"tipping point,† or a sudden rise of an idea or behavior that spreads epidemically, because â€Å"ideas and products and messages and behaviors spread just like viruses do† (Gladwell 7). The solution that the financial industry came up with was to identify a new source of consumer by making mortgage loans available to people with bad credit and low income. That way, investments could be made based on the interest that would be earned on these mortgages: roughly 5-9%, instead of the meager 1% available elsewhere. With such a huge demand, mortgage agents had to go find new people to mortgages, until finally in 2003, basically everyone who was qualified to get a mortgage already had one. Then another level of standards had to be introduced, and this involved NINA (no income no assets), stated income verified asset loans, and stated income, stated assets loans. People no longer even had to prove their income, they could simply say that

A psychological disorder Essay Example | Topics and Well Written Essays - 500 words

A psychological disorder - Essay Example Disastrous events and life changing experiences can elevate our level of stress. While many people deal with this day to day stress without medical intervention, it may have a long-term connection with cancer or heart disease (Myers 539,544). Intense feelings of stress are known as anxiety disorders. They seem to have no rational cause and leave a person agitated and out of control of their emotions. The anxiety disorders are further broken down into sub groups that include phobias and panic disorder. These cases of extreme anxiety are treated through conditioning and medication. Depression may be viewed as similar and may be confused with anxiety. While anxiety is the uneasy feeling in regards to a future event, depression is a reaction to a past event (Myers 646). While these feelings may be normal, they become a disorder when they are unrealistic and begin to impede a person's normal activities. Depression is not an abnormal feeling, but when it reaches an ongoing and insidious level, a professional should treat it. There are many modern medications that address both anxiety and depression. More severe forms of psychological disorders are seen in schizophrenia and dissociative disorders. In the former, the mind may be severely disorganized. The victim may suffer from delusions and inappropriate emotions.