Cited: Amadeo, Kimberly. "GDP Current Statistics." US Economy and Business - US Economic Indicators - US Economic News. About.com, 31 May 2012. Web. 11 June 2012. <http://useconomy.about.com/od/economicindicators/a/GDP-statistics.htm>.…
The global recession has slowed down Chinas economic growth by effecting investment demand which has weakened. The global recession has also increased difficulties in production, and is responsible for falling revenues and profits for businesses.…
The economy as we know it today is developing a recession with rising unemployment. The US economy has experienced a decrease in real output for one quarter and leading indicators point to continued contraction in the current quarter. The unemployment rate last month was 5.8% and is expected to rise above 6% in the current quarter. With strict discipline, we can utilize fiscal or monetary policy tools in order to bring this nation back to an equilibrium state of mind. I will recommend in detail form how we can either use an expansionary fiscal policy or an expansionary monetary policy in order to achieve equilibrium. Either or, to bring this economy out of recession, an expansion of real GDP needs to occur to close this recessionary gap.…
In June 2012, Federal Reserve Bank of St. Louis President James Bullard states, “the current stance of monetary policy is ultra-easy, and remains appropriately calibrated given the macroeconomic situation in the U.S” (St. Louis Fed’s Bullard, 2012, par. 1). The statement, however, is ambiguous and subsequent information provided by Bullard contained no real clarifications. For example, Bullard explained that the “policy rate remains near zero” and a “large Fed balance sheet remains in place” (par. 4). In response to comments that the Fed’s actions have only produced “very low nominal and real interest rates across the yield curve” (par.6), Bullard explains that his calculations estimate that “yields would normally be considerably higher given current macroeconomic conditions” but that the low areas are due, in part, to the “continued turmoil in Europe [that] has caused U.S. interest rates to fall due to a ‘flight-to-safety’ effect” (par. 6). Perhaps, Bullard is correct, but this does little to fully explain the current macroeconomic situation in terms of unemployment, inflation, and GDP growth, expansionary fiscal policy tools, FOMC, and easy money policy tools. Instead, Bullard’s response appears to be more of a blanketed cover.…
Currently the Federal Reserve is concerned with unemployment, inflation, and long-term interest rates. Unemployment is the main concern at hand in order to stay within its statutory mandate. Although employment is still expanding the current unemployment rate is still elevated. The Federal Reserve seeks to maximize employment and price stability. If this continues the Federal Reserve is confident that the unemployment rate will gradually drop to levels that are consistent with mandates. Inflation over the short/medium term is looking to be around 2 percent under the objective rate. After looking at the two main subjects it lends one to think that possibility of a recession is not too overly a concerned in the eyes of the Federal Reserve although nothing is ever in stone.…
The current state of the economy is one that is concerning for almost all Americans.Though we are in the recovery phase businesses are still hurting, people are out of work, we are barely getting out of a depression etc. People are pointing fingers at what is the cause and who is to blame. What was once a strong healthy economy has now drastically changed. There are many economic indicators that are used to evaluate and provide an image of what is currently happening and what an outlook may be on the economy. Several of the important factors are the business cycle, consumer price index, stock prices, consumer confidence index, gross domestic product and unemployment rates.…
Many U.S. companies are reporting better-than-expected earnings for the most recent fiscal quarter, but once again the profits generally stem from anything but an economic turnaround.…
Conduct internet research, (sources must be documented using MLA format), and write a brief analysis of the current status of the U.S. economy. Include current values and trends for at least three of the following indicators:…
The Great Recession, as some would call it, has affected myself and my family greatly. Before the stock market collapse in December on 2007, I never paid any attention to the stock market. I saw numbers going up and down on the news, but never understood the implications it truly would have.…
The financial recession of the late 2000s has been known as the best monetary downturn our nation has confronted since the Great Depression. I agree with the idea the author was trying to address regarding poverty and its source. The federal job guarantee is a policy that would pretty much give anyone an opportunity to work in a public sector program. American organizations and banks are coming up short, abandonments are spreading out of control fire, and unemployment numbers have achieved twofold digits. Under our present president, many are idealistic, however numerous others are afraid for what's to come. Financial specialists have distinctive hypotheses with respect to the reasons for the "Incomparable Recession". Some reprimand it on…
Recessions are generally believed to be caused by a widespread drop in spending. Beginning in the United States in December 2007 the industrialized world has been undergoing a recession, a pronounced deceleration of economic activity. The financial crisis has been linked to reckless and unsustainable lending practices resulting from the deregulation and securitization of real estate mortgages in the United States. Whatever the cause, there is one question that has been getting the least amount of attention; what effects does the economy have on our health as a society? The World Health Organization has defined health as being "a state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity”. So,…
Here in the United States, the government makes decisions to try and help our country so that we can obtain stable advancements. Our nation's economy is determined by the four basic economic questions. These four questions are able to answer what, how, for whom, and who are controlled by the government. The government can answer these questions because we are a mixed economy. Our economy is combined with both socialism and capitalism, meaning our government helps out but is not the leading influence. If you look at page 16 in the textbook, figure 1-5 shows when the government taxes people it will allow for more government spending, which leads to product and resource markets. Although no one really like to have to pay for taxes this will provide…
When everyone thinks of a recession they think of the great 1930’s depression and the causes of it. However, just recently back in 2008 the United States also felt the effects of a recession that still lingers today. A recession is defined as a significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP). With this definition we see that in half a year we could falter into a recession at any time. So what caused the recession of 2008? First we have to look at when it started…
The Recession of 2008 caused widespread panic and distress globally. Trillions of dollars were lost during this time. It was a frightening time for people because they were unsure of what was to come regarding their situations. These losses of money lead to a decrease in consumer spending, which decreased the GDP. This then invoked companies to lower salaries and cut large numbers of their employees. The huge loss of jobs made the unemployment rate skyrocket. All of these consequences of the Recession put many people under stress and lead to an increase in poverty in working class families. The documentary, Inside Job, covered the causes and consequences of the Recession in great depth. There are many underlying causes that lead to…
The total number of event days at the center peaked in FY 2013, due in part to the increasing number of event days attributable to public shows/festivals/sporting events. Events and event days attributable to meetings and conventions are rebounding after a notable decline in 2009 as the recession took hold, with both indicators approaching pre-recession levels, or close to 300 total event days and approaching 100 total…