Ariana Macro journal by Ariana Teixeira https://padlet.com/atei798/qlm71oio4l2j Made with an aura of mystery en-us 2019-01-23 17:58:44 UTC 2025-11-14 14:38:26 UTC hello@padlet.com Journal Entry # 1 atei798 https://padlet.com/atei798/qlm71oio4l2j/wish/324751060 summary:
This New York times article provides graphs from the Bureau of Labor statistics showing the change in rates in job increases in the years 2013-2015. The unemployment rate faced a drastic change when dropping from 10% to 3.7%. 250,000 jobs where added with the government estimating that the economy has grown by 3.5%. one of president Trumps main focuses are on manufacturing jobs and they have fairly increased. Despite unemployment rates going down wages have been increasing at a much slower rate. this results in many Americans not being able to afford too pay their bills or they are just not able to pay them on time.

Reaction:
When coming across this article I didn't expect to see some of these things. in this article it states that women are taking over the work force and are coming in more then men. Many more women are conniving and find them selves having to work and provide for their family. what I also found interesting was that it stated that employees where raising wages and making deals before hand to get people to work for them seasonally. Employers are actually feening for employees and are hiring way more given that completion for jobs have gone up and everyone is trying to make way in the world. to myna knowledge and given that the article was made in 2018 I personally think the numbers have decreased with the government shut down and everything.

Relation to class:
 Not familiar with economics of any kind and this being my first class dealing with economics. In Macro economics I believe we will be dealing with unemployment and I would love to know more about this and how our country is doing financially. Its important to know the insights on employees and employers because they are the foundation. They are the ones the customers talk to and are the ones who are running your business or selling your product. if unemployment rates are going up who's working for these companies? How are people getting by and doing financially?

Citation:
Cohen, Patricia. “U.S. Added 250,000 Jobs in October; Unemployment at 3.7%.” The New York Times, The New York Times, 2 Nov. 2018, www.nytimes.com/2018/11/02/business/economy/jobs-report.html?rref=collection/timestopic/Unemployment&action=click&contentCollection=timestopics®ion=stream&module=stream_unit&version=latest&contentPlacement=10&pgtype=collection.

]]> 2019-01-28 00:31:38 UTC https://padlet.com/atei798/qlm71oio4l2j/wish/324751060 Journal Entry #2 atei798 https://padlet.com/atei798/qlm71oio4l2j/wish/327092706 Discussion and Summary:

Oliver Blanchard a well respected economist gave amclear message at a conference he stated " The world has been too obsessed in recent years with the supposed costs and risks of government debt". His case/research is about economic growth rates in modern times are higher than what the interest rates would be. After World War 2 the United States didn't pay their debts through taxes. Even Donald Trumps make the richer rich tax cut won't help with that. Recent growth rates have been lower in debt and can reach a level that will be damming. It can hurt our future generations before they even have a chance.

Citation:
Leohardt, David. New York Times. Jan 10, 2019  https://www.nytimes.com/2019/01/10/opinion/united-states-economy-public-debt.html?rref=collection%2Ftimestopic%2FEconomics&action=click&contentCollection=timestopics&region=stream&module=stream_unit&version=latest&contentPlacement=3&pgtype=collection accessed 1/3/2019

]]> 2019-02-03 19:03:55 UTC https://padlet.com/atei798/qlm71oio4l2j/wish/327092706 Journal Entry #3 atei798 https://padlet.com/atei798/qlm71oio4l2j/wish/329731479 TitleTHE REAL LEGACY OF THE 1970’s
Summary: In the New York Times article, The real legacy of the 1970’s, it talked about inflation in the 1970’s. In the 1970’s inflation was very pivotal. It changed the thought process of Americans on views of their economic relationships with other peers. The author then goes on to talk about the Great Depression and how these events that happened long time ago can still affect our economy is various ways. People where forced to turn to credit cards and max them out, not many had credit cards because of how limited they where. Before the 1970’s the economy was doing well there where plenty of jobs to choose from and money wasn’t that much of an problem until the 1970’s. The great inflation changed our economy and ourselves for the worst but now it’s a learning experience that will help change us for the better.
 
Reaction: When I first read this article I had no knowledge about the 1970’s and the economics during that time. As I read more and more into the article I learned that this had a big affect in our economy. I have heard about the Greta depression but never the great inflation. I was shocked that the great inflation was affecting people for who they where. People had to look out for themselves and become selfish in order to survive and make it. It wasn’t about making and saving money anymore “your money had to make money”.
 
Relation to class: Now that we have gotten more into depth on macroeconomics I’m beginning to understand it more and relate it to my everyday life. In class we are learning about inflation rates, cpi’s And much more. We have to learn and look back in the past to learn from them. As we go on in life inflation is still being affect it’s either increasing or decreasing. As of 2019 the inflation rate is 1.9% but it should be up to 2.3%.

Citation: Tomasky, Michael. “The Real Legacy of the 1970s.” The New York Times, The New York Times, 2 Feb. 2019, www.nytimes.com/2019/02/02/opinion/sunday/inflation-economy-united-states-1970s.html?rref=collection/timestopic/United States 

]]> 2019-02-11 05:41:22 UTC https://padlet.com/atei798/qlm71oio4l2j/wish/329731479 Journal Entry #4 atei798 https://padlet.com/atei798/qlm71oio4l2j/wish/332205053 Title: The Economics of the soaking rich.

Summary: In the beginning of the New York Times article Paul mostly talks about Alexandria Ocasio- Cortez who is running for congress. This article also focuses on the rich and taxes. Rich people are only getting richer no matter how much tax they pay they still make more money anyways. some of them get away with not paying taxes or don't have to pay as much. This article also had a graph in it which shows the history of the top marginal income
 tax rates vs.growth in real GDP per capita. America used to have high taxes on the rich as years went on the rates got worse and worse.

Reaction: When I came to this article I knew it was an opinion piece but I didn't expect Paul Krugman to come at people, he stated " Only ignorant people like … um, Peter Diamond, Nobel laureate in economics and arguably the world’s leading expert on public finance". I honestly didn't expect that even knowing it was an opinion article. Also another thing that stood out to me

Relation to class: Currently in our Macroeconomics class we are learning about GDP deflator, CPI, producer price index, etc. This article is more about taxes, specifically tax rates and they also calculated the optimal top tax rate which came out to be 73%. Given that its tax season and everyone is filling for taxes. The Government recently had a shut down but have recently opened and no one knows if they will shut down again.

Citation:  Krugman, Paul. New York Times. January 5, 2019 Krugman, Paul. “The Economics of Soaking the Rich.” The New York Times, The New York Times, 5 Jan. 2019, www.nytimes.com/2019/01/05/opinion/alexandria-ocasio-cortez-tax-policy-dance.html?rref=collection/timestopic/Economics&action=click&contentCollection=timestopics®ion=stream&module=stream_unit&version=latest&contentPlacement=5&pgtype=collection. accessed 2/17/2019]]> 2019-02-18 01:56:39 UTC https://padlet.com/atei798/qlm71oio4l2j/wish/332205053 Journal Entry #5 atei798 https://padlet.com/atei798/qlm71oio4l2j/wish/334600019 Title: Gas prices start to climb

Summary: This Kiplinger article addresses that oil prices keep increasing. Prices are expected to rise once spring arrives. During these times more people are traveling and more out and about. It’s estmateed that WTI will trade at $55 to $60 per barrel. With one barrel being tha expensive it will force gas prices to go up. Gas prices anyways are always going up and down. It all depends on the area, the quality of the gas and how much gas you actually neeed. Intermediate traded near $56 per barrel recently, this is the highest level its been in about 3 months, i used to be around $42.50 in mid December.

Reaction: One thing that didn’t cross my mind was that gas pricesmay  increase drastically in the spring and summer since people are traveling more and they have no choice but to put gas. Peopleare  traveling all the time and I didn’t think for them to increase prices in the spring. To my knowledge gas prices are always increasing and decreasing. Prices range and you want to get the best quality gas.

Relation to class: Gas prices increasing is considered as inflation. Not every year can gas prices be considered inflation. Gas prices are either increasing or decreasing it just depends. In class we learn abou inflation and how you have to give something up inorder to increase the price or production of another product.

Citation:  Patterson, Jim. Kiplinger. Feb 19, 2019
Patterson, Jim. “Gas Prices Start to Climb.” Www.kiplinger.com, Kiplingers Personal Finance, 19 Feb. 2019, www.kiplinger.com/article/business/T019-C000-S010-energy-price-forecast.html. Accessed Feb 24, 2019 


]]> 2019-02-24 18:05:16 UTC https://padlet.com/atei798/qlm71oio4l2j/wish/334600019 Journal Entry #6 atei798 https://padlet.com/atei798/qlm71oio4l2j/wish/342168722 Title: US manufacturing output falls for a second straight month

Summary: In the past two  months January, and February the manufacturing output fell. The drop in manufacturing output was offset by gains in utilities and mining. Manufacturing activity, which accounts for about 12 percent of the economy, is losing steam as the boost to capital spending from last year’s $1.5 trillion tax cut package fades. February’s drop in manufacturing production added to soft reports ranging from retail sales to housing in suggesting the economy lost significant momentum early in the first quarter.

Reaction: My initial reaction was that I was surprised that it was the second outfall I would think they would learn from their first mistakes. It dropped by 0.4 in the last month. Officials at the Fed tend to look at capacity use measures for signals of how much “slack” remains in the economy how far growth has room to run before it becomes inflationary.

Citation:
 “US Manufacturing Output Falls for a Second Straight Month.” 1BusinessWorld, 1businessworld.com/2019/03/business/us-manufacturing-output-falls-for-a-second-straight-month/. 

]]> 2019-03-17 20:27:57 UTC https://padlet.com/atei798/qlm71oio4l2j/wish/342168722 Journal Entry #7 atei798 https://padlet.com/atei798/qlm71oio4l2j/wish/342168742 Title: Why People Are Outraged at Lower Tax Refunds (but Probably Shouldn’t Be)

Summary:
Us humans aren't always rational in how we think about money. Trump signed the tax Law in 2017 that reduced average American Households. its better to get no money taken out of your check rather then get taxes back since people don't get the full amount back. sometimes people even owe the IRS money so instead of receiving they have to pay them back. Not everyone's tax story is the same, some benefit more then others. The more you make the less you get back and the more you have to pay.

Reaction: what came to me as a surprise and something that I never knew is that When you withhold more in taxes than you ultimately owe, you are giving the United States government an interest-free loan.

Relation to class: Since its still tax season and it doesn't end until next month, April this is a topic that still comes up in the classroom. I haven't been in class in about a week so I don't specifically know what we have been talking about.

Citation: 
Irwin, Neil. “Why People Are Outraged at Lower Tax Refunds (but Probably Shouldn't Be).” The New York Times, The New York Times, 27 Feb. 2019, www.nytimes.com/2019/02/27/upshot/lower-tax-refunds.html?rref=collection/timestopic/Economics&action=click&contentCollection=timestopics®ion=stream&module=stream_unit&version=latest&contentPlacement=3&pgtype=collection. 

]]> 2019-03-17 20:28:06 UTC https://padlet.com/atei798/qlm71oio4l2j/wish/342168742 Journal Entry #8 atei798 https://padlet.com/atei798/qlm71oio4l2j/wish/343056288 Title:   The Experts Keep Getting the Economy Wrong

Summary: In this opinion article, David Leohardt talks about the false talks on how the economy is "booming". Everyone especially Trump seems to be bragging and talking about how the economy is doing great. It has now become an exaggeration given that the economy isn't doing so well. Federal Reserve officials have once again overestimated how rapidly the economy would grow. If they would have estimated correctly the economy should be up by 6%.

Reflection: what came to me as a surprise that the GDP growth still hasn't reached 3 percent 3 not even being a high number since the year of 2010. One topic that we went over in class and briefly still do is GDP. GDP for those who don't know is a measure of the value of all final goods and services in a period of time weather its quarterly or yearly.
 

Citation: Leonhardt, David. “The Experts Keep Getting the Economy Wrong.” The New York Times, The New York Times, 10 Mar. 2019, www.nytimes.com/2019/03/10/opinion/us-economy-stagnation-growth.html?rref=collection/timestopic/Economics&action=click&contentCollection=timestopics®ion=stream&module=stream_unit&version=latest&contentPlacement=5&pgtype=collection.

]]> 2019-03-19 19:31:07 UTC https://padlet.com/atei798/qlm71oio4l2j/wish/343056288 Journal Entry #9 atei798 https://padlet.com/atei798/qlm71oio4l2j/wish/346977291 Title: Job market bounces back in March with 196,000 gain in payrolls

Summary: This CNBC article talks about how the job market has bounced back. Economist estimated payrolls would be 175,000 but it ended up coming out better then what they had expected to 196,000. They thought it was going to fall but now they have some reassurance. Although wages are rising it isn't rising at a rate that's big enough to increase inflation also. Since February to March wage shave increased drastically.

Reflection: Jobs are getting harder and harder to find now and days. Everyone wants to be getting paid a decent amount of money to make it through in life. To see that wages and unemployment rate is increasing is amazing and I would love for it to continue to grow. As this grows so does inflation. In class we are constantly talking about GDP and the inflation rate and how it affects the economy in a positive and negative way

Citation: Cox, Jeff. “Job Market Bounces Back in March with 196,000 Gain in Payrolls.” CNBC, CNBC, 5 Apr. 2019, www.cnbc.com/2019/04/05/nonfarm-payrolls-march-2019.html.

]]> 2019-04-01 00:15:34 UTC https://padlet.com/atei798/qlm71oio4l2j/wish/346977291 Journal Entry #10 atei798 https://padlet.com/atei798/qlm71oio4l2j/wish/348757720 Title: Resale Is Expected to Be Bigger Than Fast Fashion Within 10 Years

Summary: Resale has been growing, especially online. online there's easier access and you don't have to leave your home. Signs show that it will increase more and shows no signs of slowing down. Millennials in this generation tend to stop wearing clothes after they've worn it a couple of times or maybe even once. So they are constantly buying clothes and accessories to keep up with fashion and their wardrobe and are helping the resale market increase. By 2022 the resale market will be worth $41 Bill.

Reflection: As a person who doesn't care how I look, care what people have to say, and just simply don't have time to dress up I'm happy to see that the fashion industry is doing fairly well. fashion is a big part of society now especially with the bigger brands such as yeezy's, Gucci, Givenchy and etc. In class we talk about inflation and market prices. The industry is facing inflation which is a downfall. we also talk about production cost.

Citation: Mau, Dhani. “Resale Is Expected to Be Bigger Than Fast Fashion Within 10 Years.” Fashionista, 3 Apr. 2018, fashionista.com/2018/04/resale-clothing-market-thredup-report-2018. ]]> 2019-04-05 00:14:29 UTC https://padlet.com/atei798/qlm71oio4l2j/wish/348757720 Journal Entry #11 atei798 https://padlet.com/atei798/qlm71oio4l2j/wish/351790156 Tile:  Housing Is Already in a Slump. So It (Probably) Can’t Cause a Recession.

Summary: In this New York times article Conor Dougherty talks about how the United States is having a decline in the housing market. Its possible for the U.S to enter a recession making it our 12th. Houses are increasing in prices making it hard for people to buy houses because they simply cant afford them. To better understand, when one goes into recession all trade and industrial activities are reduced and is connected to the fall in GDP.

Reaction: While coming across this article  I shocked to read that "Home prices have risen by about 50 percent since 2012". Depending on the area that you live and the month that you buy a house can truly determine the area of cost that your house may be in. But for prices to ride as much as almost half since 2012 is mind blowing. Houses just keep getting more and more expensive as years go on especially for renting out apartments.

Relation to class:
In class since the beginning of the semester we always fins ourselves talking bout GDP. To find out that recession is connected to GDP is quite interesting and something I wouldn't have know if I didn't come across this article. GDP will always be an important factor because its the main indicator of the economies economical growth.

Citation: Dougherty, Conor. “Housing Is Already in a Slump. So It (Probably) Can't Cause a Recession.” The New York Times, The New York Times, 19 Feb. 2019, www.nytimes.com/2019/02/19/business/economy/housing-recession.html. 

]]> 2019-04-15 19:31:03 UTC https://padlet.com/atei798/qlm71oio4l2j/wish/351790156 Journal Entry #12 atei798 https://padlet.com/atei798/qlm71oio4l2j/wish/351790462 Tile: How to prevent the next financial crisis

Summary: In this Washington times article, Stephen Moore talks about how to prevent the next financial crisis. Focusing on the Great recession of 2008/2009. Economist still don't know what happened and don't have a good answer as to why. According to Moore " The Fed’s shift from inflation to deflation inadvertently crushed the mortgage-backed securities marketsz". Leading to the rescission.

Reaction: while reading this article what came to me as a shock was that a mistake that we made "liquidated more than $7 trillion of wealth and sent unemployment rates to their highest levels in three decades". As an economy its important that we don't make mistakes and we don't repeat  them either. Economist know that the housing bubble caused it but they don't know how the bubble "inflated".

Relation to class:  In class we talk about the economy and its important to know. Before I took this class I didn't care or think how important it was to know about the economy and how we are doing financially. In the begging of the class we watched a video I don't remember what it was called but it had to do with this.


Citation: Moore, Stephen. “How to Prevent the next Financial Crisis.” The Washington Times, The Washington Times, 7 Apr. 2019, www.washingtontimes.com/news/2019/apr/7/holding-commodity-prices-stable-will-help-to-avoid/. 

]]> 2019-04-15 19:32:06 UTC https://padlet.com/atei798/qlm71oio4l2j/wish/351790462