Juan's MacroEcon by The atomic man https://padlet.com/jcor2399/wftsaxayn13p Mr. Worldwide shares economic news from around the world! en-us 2019-01-23 18:02:02 UTC 2019-04-15 06:29:26 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Brightnessdown.png Today's Article (2/3/19) jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/327154187 Title: Trump Vowed not to run $400 Billion Deficits. Instead he'll run a $1 Trillion one.

Link: https://www.huffingtonpost.com/entry/trump-trillion-dollar-deficit_us_5a81fadce4b0580d3d6d68e0

What the article is about...

This article talks about President Trump and his promise to maintain the United States Deficit below $400 billion dollars, and his failure to do so, instead raising it to $1 Trillion. The article further talks about how President Trump's promise to pay off the entire U.S debt of $20 Trillion in 4-8 years is incredibly hard to impossible. Finally, the article concludes by stating that the Trump administration started with a strong economy and a lower deficit than that of the previous' administration's, but that under Trump, it could be expected to grow past the $1 Trillion mark once more.

]]> 2019-02-04 03:39:05 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/327154187 My Reaction jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/327163445 Since I am not an expert on economics, I will begin by saying that the article seems to be directed at bashing the president's policies rather than explaining the economics of how Trump's policies will affect the deficit and end in disaster. That is not to say that I agree with the president's policies, I do not agree with some of the president's policies, but the article could have better explanations on how the president's policies will affect the deficit.]]> 2019-02-04 05:02:39 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/327163445 Relation to the class jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/327166919 This article relates to the class because it talks about a national deficit and how some policies might affect it. The article also relates to the class because it mentions tax cuts and how they have affected the deficit.]]> 2019-02-04 05:51:12 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/327166919 Today's Article (2/11/2019) jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/329731434 Title: The Government Shutdown's Effect on the Economy, Explained

Link:Stewart, Emily. “The Shutdown's Effect on the US Economy, Explained.” Vox.com, Vox Media, 23 Jan. 2019, www.vox.com/policy-and-politics/2019/1/18/18188262/government-shutdown-economy-recession-workers-gdp.

This article discusses what effects the government shutdown could have on the economy. This article begins by talking about the people most affected by the shutdown, the federal workers. The article makes the connection about how the lack of payment to these employees can affect the economy because without money, these workers cannot make payments on their mortgages, and utility bills, both of which are a big part of the U.S economy. The article then further discusses the fact that while the shutdown may slightly affect the U.S economic growth, a trade war with China would more likely cause more harm to the economy. Because the article was written before the shutdown ended, the Author of the article had to speculate on what could happen if the shutdown dragged on for too long, among these speculation include: Zero growth in U.S economy, and Cutting 1% of economic growth to the U.S economy. The article was written a few weeks ago, and with the shutdown having ended just recently, we can only wait and see if the predictions form the article will come true.]]> 2019-02-11 05:40:39 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/329731434 My Reaction jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/329743343 Since the article was written over two weeks ago (and 2 days before the shutdown ended) there are many predictions from the article that are yet to be proven or disproven; one of which is economic growth slowing down by 1%. If I had read the article when it came first came out, I would have at least found it comforting to know that according the the article, the economy wasn't going down in flames as some people would have you believe, but since I read it today 2 weeks after it came out and 2 weeks after the shutdown ended, I found it to be more of a curiosity, one that talked about the possibilities of economic downturn, should the government not have opened.]]> 2019-02-11 07:20:55 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/329743343 Today's Article (2/17/2019) jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/332217691 Title: "Venezuela's Inflation Rate May Hit 1,000,000 Percent. Yes, One Million."
Link: Faiola, Anthony. “Venezuela's Inflation Rate May Hit 1,000,000 Percent. Yes, 1 Million.” The Washington Post, WP Company, 24 July 2018, www.washingtonpost.com/world/venezuelas-inflation-rate-may-hit-1000000-percent-yes-1-million/2018/07/24/90d59086-8f4a-11e8-ae59-01880eac5f1d_story.html?noredirect=on&utm_term=.c472b666e6a5.

This article by Anthony Faiola of the Washington Post talks about one of the 21st century's worst cases of inflation, Venezuela. As the title of the article suggests, Venezuela's inflation has skyrocketed since the early 2010s when president Nicolas Maduro took office and started making questionable decisions, among those includes creating a cybercurrency called Petro (short for petrodollar) which is backed only by Venezuela's oils reserves. Venezuela's inflation has reached 80,000% in 2018, which is a long shot from its former >30% rate of inflation back in the 1960s. The article also mentions that because Venezuela's currency, the Bolivar, is pretty much worthless, the people have had to resort to bartering in order to get basic items, an example of this is trading fish for flour. The article concludes by saying that this hyperinflation has made the people of Venezuela to take drastic action and simply pack up their bags and leave their country, causing a humanitarian crisis similar to that of Syria 2 years ago. ]]> 2019-02-18 03:22:58 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/332217691 My Reaction jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/332222512 As a Colombian, the situation currently facing Venezuela is having its own effects in my own country. A mass migration of over 1 million Venezuelans which have now flocked my own country is starting to take its toll on it. Venezuela's situation is certainly one that should be taking seriously as Venezuela is one of South America's most resource rich countries, and at one point it was once the richest country in the continent. It is necessary that Venezuela get back on its feet by allowing more free market policies and reduce government spending as well. ]]> 2019-02-18 03:54:44 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/332222512 Relation to the class jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/332223776 During class this week we discussed both Gross Domestic Product and Inflation. We also discussed what hyperinflation is and how it affected countries like Venezuela and Post -war Germany. Venezuela is certainly a case of poor government management and overspending, and current inflation rates in Venezuela is expected to reach 1,000,000%, one of the highest ever by any country. ]]> 2019-02-18 04:03:03 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/332223776 Today's Article 3/2/2019 jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/337174936 Title:

"Trump said trade wars are ‘easy to win.’ A year later, here’s a timeline of what’s happened with China"

Link: Schoen, John W., and Jacob Pramuk. “Trump Said Trade Wars Are 'Easy to Win.' A Year Later, Here's What's Happened with China.” CNBC, CNBC, 2 Mar. 2019, www.cnbc.com/2019/03/01/the-timeline-of-trump-china-tariffs-and-trade-war.html.

Today's article discusses Trump's trade war with China, the article refers back to some tweets from last year in which the president stated that "Trade wars are good and easy to win!" The article then proceeds to show a timeline which describes the events and effects of President Trump's trade war with China.

]]> 2019-03-03 02:11:41 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/337174936 My Reaction jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/337179972 If you pay attention to the news, then you've most likely heard of the trade war that has been going on for the past year or so. President Trump insists on putting $200 Billion dollar tariffs on Chinese made goods, and while to some it might appear that this is good, it is important to keep in mind that the reason why companies move to China is because it is a lot cheaper to manufacture items there than in the U.S, and it is for this reason that the price of goods made in China is cheaper than those made in America. I personally would prefer to pay cheaper prices for goods, mostly because a lot of goods are already expensive, and I would prefer not to pay double for my cellphone. ]]> 2019-03-03 03:30:06 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/337179972 Relation To the Class jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/337181132 Recently in Class, we discussed Gross Domestic Product (GDP) and what makes it up, and a big part of a country's GDP are its imports/exports. The United States and China are the world's largest economies, and I believe that it is fair to say that one could not survive without the other. The United States GDP depends heavily on the goods that are imported from China, and China on the other hand depends heavily on its exports to America and beyond. It is also fair to say that a trade war with China would not only threaten both the U.S and China, but also the entire global economy could be a risk. All in all, a trade war with China is not entirely as "easy to win" as the president stated, at least not without major consequences. ]]> 2019-03-03 03:49:25 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/337181132 Today's Article 3/17/2019 jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/342233633 Title: "North Korea may choose to follow Vietnam's economic model as it looks to open up"
LinkChandran, Nyshka. “North Korea May Choose to Follow Vietnam's Economic Model as It Looks to Open Up.” CNBC, CNBC, 13 Feb. 2019, www.cnbc.com/2019/02/13/north-korea-may-choose-to-follow-vietnams-economic-model.html.
Today's article discusses the path that the "hermit kingdom" would take in order to stabilize their own economy, and that path would be the Vietnam path. North Korea has earned a reputation for being a totalitarian state stuck in the 1950s. Held back by international sanctions due to their nuclear weapons development, North Korea's economy has not exactly grown a whole lot since the 1990s when their biggest trading partner, the Soviet Union ceased to exist. North Korea now seeks to begin rebuilding their economy by following the country of Vietnam's economic miracle. ]]> 2019-03-18 03:54:02 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/342233633 My reaction jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/342245094 North Korea's position is a unique one, being the last communist stronghold left on Earth, their economy solely depended on trading with countries like China or the former Soviet Union. The hermit kingdom's communist government and close ties to the former USSR prevented the country from developing trade relations with the large western economies, and as any historian will tell you, this would prove disastrous when the Soviet Union collapsed. Around the same time that this was happening, Vietnam began implementing new economic reforms and as the article tells us this worked out well for them because not only did the U.N lift sanctions on them, but by the mid 2000s, many businesses began to invest in the nation and as a result, Vietnam is now one of the fastest growing economies in the region. ]]> 2019-03-18 05:29:41 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/342245094 Relation to the class jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/342249101 Economic growth has been a topic discussed in the past weeks during class. North Korean growth would be interesting to watch because after years of underdevelopment in the rural areas and basically no trade with most countries other than China, it would be interesting to see how more private investment would turn the hermit kingdom into the next Vietnam.]]> 2019-03-18 06:09:02 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/342249101 Today's Article (3/24/2019) jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/344668031 Title: "JP Morgan warns Boeing's 737 max crisis could drag down the entire U.S economy"
Link: Rapier, Graham. “JPMorgan Warns Boeing's 737 Max Crisis Could Drag down the Entire US Economy.” Business Insider, Business Insider, 23 Mar. 2019, www.businessinsider.com/boeings-737-max-crisis-could-grad-down-entire-us-economy-jp-morgan-2019-3.
Today's article discusses the infamous Boeing 737 MAX and how the 2 crashes and the whole grounding of the worldwide fleet, could affect the U.S. economy. The reasoning given by the article is that Boeing is currently the largest exporter of products in the U.S. and the Boeing 737 MAX currently makes about 80% of Boeing's current aircraft orders, therefore a cancellation of all of the aircraft's orders could significantly affect the U.S GDP. The article concludes by stating that if the cancellation of all 737 MAX aircraft occurred, it would affect the GDP by taking off a 0.6%-point off the quarterly annualized growth rate, luckily not all orders have been cancelled just yet, therefore the GDP should remain unaffected for now.

]]> 2019-03-25 03:50:10 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/344668031 My Reaction jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/344681704 The grounding of the 737 MAX worldwide is certainly a rare occurrence now a days, considering that air travel is currently the safest way of travelling, 2 accidents of the same aircraft in under 6 months is cause enough for public concern. Currently the cause of the accidents appear to be a software malfunction with the Pitch control of the aircraft, Boeing has since tried to fix the aircraft's software and assure its costumers that they will resolve the issue. Another statement that shocked me from the article is the fact that Boeing is currently the largest exporter in the U.S. and if anything were to seriously hurt Boeing's sales or the company itself, the U.S GDP would take a hit. ]]> 2019-03-25 05:27:07 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/344681704 Relation to the Class jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/344684504 Exports are essential to a country's economic growth, Boeing being the largest exporter of U.S made products has a significant role in the U.S GDP, a topic which we mentioned a couple of weeks ago. If demand for these 737 MAX aircraft suddenly decreased dramatically, there would be cause for concern because as the article mentioned: "The cancellation of all 737 MAX aircraft occurred, it would affect the GDP by taking off a 0.6%-point off the quarterly annualized growth rate."]]> 2019-03-25 05:57:39 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/344684504 Today's Article jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/347021653 3/31/2019
Title: "The Yield Curve has Inverted, Signaling Potential Recession"
Link: Greifeld, Emily Barrett and Katherine. “The Yield Curve Has Inverted, Signaling Potential Recession.” Time, Time, 22 Mar. 2019, time.com/5556839/yield-curve-inversion-recession/.
Today's article discusses a possible recession in the future after a yield curve turned negative for the first time in over a decade. The article mentions various factors that might have caused the yield curve to go negative one of which is the fear of a recession in the market, which in turn causes consumers to save their money rather than spending it. The article concludes by stating that even though consumer spending was high at the beginning of the year helped lower the yield, but as consumer spending decreased, the yield decreased. ]]> 2019-04-01 04:52:50 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/347021653 My Reaction jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/347033729 This article is a week old, yet this is the first time i've heard about this (this is perhaps due to my lack of watching the news,) but it is certainly interesting to see that a recession is being predicted almost a decade after the last one occurred. I personally hope that if economic growth were to decrease, then at least a depression would not follow afterwards. ]]> 2019-04-01 06:23:24 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/347033729 Relation to the class jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/347034256 We have discussed Economic growth in class, and a recession usually occurs when economic downturn happens. We also watched a video in class about the methods which the government takes in order to control inflation and keep the economy moving, one such aspect being controlling interest rates. If a recession seems possible, the treasury must make the decision to bring down the interest rates.]]> 2019-04-01 06:26:29 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/347034256 Today's Article jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/351554072 4/14/2019
Title: Here's Where the Jobs are--In one chart.
Link:Franck, Thomas. “Here's Where the Jobs Are - in One Chart.” CNBC, CNBC, 5 Apr. 2019, www.cnbc.com/2019/04/05/heres-where-the-jobs-are-in-one-chart.html.

Today's article discusses the amount of jobs that were added and subtracted from the United States economy in the month of March, there is both a visual and written part of the article, the written one describes the information shown in the chart (visual.) The chart shows us that most of the jobs added to the economy are in the fields of education and health services along with the private sector or in this case,professional business services. The article also shows us that while there were many jobs added in the month of March, there were also many taken in the retail and manufacturing world.]]> 2019-04-15 03:55:54 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/351554072 My reaction jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/351569437 While scrolling though social media, I often see articles that talk about how there will be economic downturn, or how the its the government's fault that the economy is sinking, so you can imagine my surprise when I saw in this article that there was actually a lot of jobs added to the U.S market in the month of March alone. The article gives us a chart along with the numbers to inform us about job growth in the public sector, but one thing that stood out was the decrease of retail and manufacturing jobs, both of which were supposed to be on the rise according to the POTUS.]]> 2019-04-15 06:04:25 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/351569437 Relation to the class jcor2399 https://padlet.com/jcor2399/wftsaxayn13p/wish/351569894 Employment rates are a big part of economics, a country's employment rates will greatly affect a country's economy, for example as we learned in class, a country with a high GDP will have an unemployment rate of about 4%, a country with high unemployment will have lower GDP growth.]]> 2019-04-15 06:09:09 UTC https://padlet.com/jcor2399/wftsaxayn13p/wish/351569894