- defines the word "Recession"
- has a link to a recent article about the US economy that contains the word Recession
- Offer your opinion of if you think the US is in or is entereing a recession
- Extra credit: create a graph in excel and upload a graph including recent US indicators of economic growth or decline.
Monday, February 11, 2008
US economy entering a "Recession"? (Per. 3 & 5)
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http://craigecon.blogspot.com/
http://diegoeconomics.blogspot.com/2008/02/us-economy-entering-recession.html
1-recession: a temporary falling off of business activity during a period when such activity has been generally increasing
2-On Jan. 21, 2008, stock prices tumbled around the world. Most analysts pointed to fears surrounding the United States economy and a possible recession as the reason for the drop. Ironically, economic conditions in the United States were affecting the world economy on a day when its own markets weren't even in session -- they were closed for the Martin Luther King Jr. Day holiday. Three days later, news outlets were already reporting a new economic stimulus package, designed in part to try to prevent a recession
3-From my point of view if the economic situation does not change in the course of these weeks, the country will be experiencing a strong resecion at this time still can not be connsiderar that this, the stock market had not lost for the suficentes that conciderar already in this country resecion
1.RECESSION:a period of reduced economic activity. is a downward trend in the rate of actual GDP growth as promoted by the business-cycle dating committee of the National Bureau of Economic Research.[1] That private organization defines a recAccording to the economists [5], since 1854, USA has encountered 32 cycles of expansions and contractions, on average with 17 months of contraction and 38 months of expansion. However in recent years, they have been shorter and much less common. Since 1980, there have been only four recessions 3. I think NOT.
1)RECESSION is the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year.
2)Is the American economy heading toward a recession? ABC World News business correspondent Betsy Stark talks about the disappointing report that the nation only added 18,000 jobs last month.
Bill Blakemore: Betsy, is 18,000 far off the mark of what is considered healthy?
Betsy Stark: Oh, it’s way off the mark of what’s considered healthy. You need about 100,000 jobs to just absorb all the new people who come into the job market every month looking for work. So this really is a bleak number. And the other thing that happened was there was a 3/10th of a percent jump in the unemployment rate to 5%. So put those two things together and it’s really flashing recession
3)I don't think that us is entereing because the estate of decline is no enouth to tell that the nation is recession.
the state of the economy declines; a widespread decline in
the GDP and employment and trade lasting from six months
to a year
The economy is slowing down. The under 40 crowd has no real life experience to relate to the word “recession.” Its effects are not understood. An early sign is insufficient government tax revenues. California has a 10 billion dollar budget shortfall. How do you cut back 10% when you have already spent it? The cuts for schools, police and fire department will be felt slowly.
the state of decline is not enough to tell tha the nation is in a recession.
1)RECESSION is the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year.
2)Is the American economy heading toward a recession? ABC World News business correspondent Betsy Stark talks about the disappointing report that the nation only added 18,000 jobs last month.
Bill Blakemore: Betsy, is 18,000 far off the mark of what is considered healthy?
Betsy Stark: Oh, it’s way off the mark of what’s considered healthy. You need about 100,000 jobs to just absorb all the new people who come into the job market every month looking for work. So this really is a bleak number. And the other thing that happened was there was a 3/10th of a percent jump in the unemployment rate to 5%. So put those two things together and it’s really flashing recession
3)I don't think that us is entereing because the estate of decline is no enough to tell that the nation is recession.
1)RECESSION is the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year.
2)Is the American economy heading toward a recession? ABC World News business correspondent Betsy Stark talks about the disappointing report that the nation only added 18,000 jobs last month.
Bill Blakemore: Betsy, is 18,000 far off the mark of what is considered healthy?
Betsy Stark: Oh, it’s way off the mark of what’s considered healthy. You need about 100,000 jobs to just absorb all the new people who come into the job market every month looking for work. So this really is a bleak number. And the other thing that happened was there was a 3/10th of a percent jump in the unemployment rate to 5%. So put those two things together and it’s really flashing recession
3)I don't think that us is entereing because the estate of decline is no enough to tell that the nation is recession.
i like stars
hii mr. joe
.RECESSION: decline in economic activity: a period, shorter than a depression, during which there is a decline in economic trade and prosperity.
NEW YORK, Feb 13 (Reuters) - A surprise rise in U.S. retail sales for January stoked hopes that the world's largest economy will be able to avoid a recession, propelling global stock markets and the dollar higher on Wednesday.
The unexpected 0.3 percent sales gain suggested consumer spending would hold up, bucking forecasts for monthly cash register receipts to show their first back-to-back drop in 4-1/2 years. A 0.2 percent sales drop was widely predicted.
Although caution prevails as U.S. economic reports have been contradictory, many market participants grabbed on to the sales report as a signal of resilience.
"The consumer is going to be the driver that gets us out of this recession or slowdown
http://antonio-econclassblog.blogspot.com/
1) Recession a significant decline in general economic activity extending over a period of time.
2) Other Federal Reserve Tools and How They Work
From Kimberly Amadeo,Your Guide to US Economy.FREE Newsletter. Sign Up Now!
The Fed Has Other Tools in Addition to the Fed Funds Rate: In addition to the Fed Funds Rate, the Federal Reserve has several other tools which allow it to set monetary policy. These tools are not used as frequently, nor do they gain as much press, as the Fed Funds Rate. Their importance is because they allow the Fed to shore up the financial markets in case of emergency. This provides more stability to the U.S. financial system and economy.
Reserve Requirement: The Reserve Requirement refers to the amount of deposits that a bank must keep on hand at all times, and never lend out. The higher this requirement is, the less profit a bank makes on its money. A high requirement is especially hard on small banks, since they don't have as much to lend out in the first place. Every time the Fed changes the requirement, banks have to make changes to their policies, which incurs a cost. For these reasons, the Fed hardly ever used this tool.
3) My point of view if the economic situation does not change The discount window is what the Fed use to loan money to banks at the Discount Rate to make sure they can meet the reserve requirement when they close each night. The Fed only changes this tool in emergency. For example, during the Y2K scare and again after 9/11, the Fed loosened their constraints on lending to make sure banks had plenty of money to loan, if needed.
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