US Macroeconomics A Speech - 1093 Words

U.S. Macroeconomics Speech Introduction The institutions of economics and politics are as a rule joined together at the hip, and it is the responsibility of every alert member of the U.S. Congress to not only study these dynamics and stay on top of the economic situation, but to be able to explain the economy and the macroeconomy in a straightforward way to American citizens. That is why we are here today, to bring some recent facts and trends to the attention of the public through the journalists represented in this room. What happens when there is a surplus of imports into the U.S.? This is the question of the moment. The problems that can occur when there is a surplus of imports into the United States are very serious for our workforce and businesses. Looking at the American auto parts industry, we can see a very negative trend with reference to Chinas imports of auto parts. The first thing to consider was the fact that Chinas export of auto parts jumped by more than 900 percent b etween the years 2000 to 2010, and that was because the Chinese government (along with local governments)  ¦heavily subsidize the countrys auto-parts industry (Scott, et al, 2012). Whether these subsidies are legal or not is up for grabs but according to what I can glean from the regulations set up by the World Trade Organization (WTO), these subsidies are illegal. Aside from that illegality and the fact that China (along with Korea and Japan) manipulates its currency, reducingShow MoreRelatedWhat Is The Specifics Of The Indonesian National Single Window?867 Words   |  4 Pagesspecifics of the Indonesian National Single Window (INSW), an important domestic policy our delegation hopes to promote during our Commission’s deliberations. The document’s clear language will strengthen our delegation’s ability to discuss issues of macroeconomic integration during conference. †¢ Our delegation has also uncovered a detailed report on Indonesia’s Sustainable Urban Transportation Improvement Project; a multinational infrastructure project made possible by cooperation between the IndonesianRead MoreThe Theory Of Macroeconomics And Microeconomics1634 Words   |  7 Pagesâ€Å"pulled-off† (in an epithetical fashion) by corporations and how primordial edicts of macroeconomics and microeconomics should be conformed to. Firstly, what is economics? In the words of highly-acclaimed American economists, Steven D. Levitt Stephen J. Dubner-â€Å"Economics is, at root, the study of incentives, how people get what they want or need, especially when other people want of need the same thing†. 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Finally, are the provisions in the bill actually go od for the public at large, or is it just a waste of tax dollars onRead MoreThe Old Constant : Human Psychology963 Words   |  4 Pagesalthough they may not have a quantitative basis for their decisions. When the entire market is rising it is likely that a wide range of investors report gains. Individuals then tend to attribute their success to their own qualities rather than macroeconomic factors that may have caused their success. This practice characterizes overconfidence and amplifies the tendency to make irrational decisions in subsequent periods. Third, if investors are overconfident, they underestimate risk and trade moreRead MoreThe Federal Reserve Is The Central Banking System Of The United States1364 Words   |  6 PagesReserve is the central banking system of the United States, which controls the monetary policy of the US (Hubbard). When first conceived in 1913 its primary function was to protect banks, but, in part due to the Great Depression, the role the Federal R eserve plays in the economy has evolved into something much more influential. Ben Bernanke, the Federal Reserve chair from 2006-2014, said in a speech in 2002 while he was still just a board member regarding the Federal Reserve’s role in the Great Depression:Read MoreMacro and Micro Causes of Financial Crisis Essay2230 Words   |  9 PagesIdentify the main macroeconomic and microeconomic causes that resulted in the above-mentioned crisis and make an assessment of the success or otherwise of the actions taken by the U.K government to resolve the problem. By Alistair Walters – A913910 1    Five years on from the beginning of the worst financial crisis he world has seen we are still in a perils state of low or negative growth and low interest rates. It is clear that there were a number of factors both macroeconomic and microeconomic