Depending on who you ask, and what side of the aisle they reside on, you could be led to believe the economy is making a dramatic recovery as of lately. However, there is just as strong of an argument that the information is diluted due to false positives in the numbers. The Fed is reviewing whether or not to increase interest rates as soon as October, 2014. A strong influence on this decision is based on the unemployment rate dropping to 6.3% and the creation of 288,000 new jobs in April. Where this number gets misrepresented is best described by John Briggs, head of cross asset strategy at RBS, "It's a good number but it's not an all-out economy full steam ahead number. It's got its issues. Average hourly earnings were flat, weekly hours …show more content…
has seen. However, some believe we are damaging our economy in the long term by keeping interest rates this low as we are seeing what they refer to as “strong signs of recovery”. One individuals in particular is Dallas Federal Reserve Bank President Richard Fisher. He believes keeping rates too low for too long could feed unseen financial market bubbles. Ironically though, he also states that he believes October is much too early to consider raising the interest rates. He believes that once the bond-buying stimulus comes to a close we as a country need to review our position. He states, “Then we have to see how the economy is doing, including these broader measures of unemployment, and where we stand, before we can talk about how we might move the short-term rate.” As a result of the diminishing unemployment rate, whether a true view of our actual situation, there are economic experts stating that if we continue with the growth of 239,000 jobs per month that we will reach a level of full employment in six months. If this trends continues in the unemployment rate and interest rates begin to increase I believe there will be a great outcry from the public especially those who have dropped out of the workforce due to sheer discouragement of the job market that have caused the unemployment rate to artificial declined to some degree. This number is estimates to be 806,000 in
When interest rates on loans are high, this leaves people with less disposable income resulting in less consumer spending. Depending on where the economy stands, this can be good or bad, as it would lead toward recession. But that may be exactly what is intended in order to decrease spending if the economy is currently experiencing over-inflation. The government may intentionally send the market into a recession rather than potentially risking too high levels of inflation. On the other hand, if the economy were already in recession this would only make the recession worse. In the situation where the economy is currently in recession, the government is instead going to change the overnight rate in order to therefore lower interest rates on loans in order to provoke consumer
"Too many Americans go to too many prisons for far too long, and for no good law-enforcement reason … Although incarceration has a role to play in our justice system, widespread incarceration at the federal, state and local levels is both ineffective and unsustainable. . . We need to ensure that incarceration is used to punish, deter and rehabilitate – not merely to convict, warehouse and forget"(Holder). Former Attorney General Eric Holder does not dispute that prisons play an important role in the justice system. He believes that along with punishing the inmate’s prisons should provide them with rehabilitation. With the already overpopulated prison system across the US there should be alternative for lesser nonviolent offences.
He called for restoration with action, and promised solutions to the economic crisis, unemployment, world policy. He however, does remind the people, “We do not distrust the future of essential democracy. The people of the United States have not failed.” He promises swift action to the problems the he and the nation face.
These conditions have the ability to cause recession. Now that an armistice has been reached in Korea, a recession is beginning to occur (Pach and Richardson, 54). I believe that the President’s chief concern should not be to make an immediate and fast acting restoration of the general economy. The problems of the federal deficit and the recession must wait until the more important problems are dealt with. The problem at hand is the rising rate of unemployment.
... is that there are now much stronger standards in place to stop unaffordable lending from taking place. The economy has improved greatly since 2008. Credit is flowing at a safe rate and the unemployment rate is down to 7.4%. Housing prices are also rising again. The economy is not back to where it was in 2007, but it is improving every day.
We feel that the latter is on the radical side of thinking, and that overall the Federal Reserve has the best interest of the nation and international economy in all their decisions regarding the increases in interest rates, etc. Since the onset of the Federal Reserve, we have not gone into a major depression, and over the course of time there will be times when our economy will peak and boom and the Fed will feel that it is time to slow the economy by raising the rates. Bibliography FED 101 Hosted by the Federal Reserve Bank of Kansas City. http://www.kc.frb.org/fed101 Friedman, Milton and Jacobson Schwartz, Anna. A Monetary History of the United States, 1867-1960.
The Civil War is arguably the darkest point in American history, as it is the only point in which thousands of Americans are being killed by their fellow countrymen. However, the period following was just as dark from a more political, social, and economic point of view. This period of time taking place from 1865-1877 is usually known as Reconstruction because the south is "reconstructing" from the damages of the war. However, many historians argue that this period of time is improperly named and should be called restoration. As this argument goes on, I would say that both terms are correct, and in fact both reconstruction and restoration are needed to describe the time period following the Civil War.
The verdict is still out. America is almost three years into this economic down turn. It is too soon to call the current administration’s economic policy a failure. However, if it does get worse, it might be time to use Reagan’s economic policy, even if just for a little while.
(Davidson, 2017) Over the past years, the interest rate of the Federal Reserve has been considerably low. The reason being is that the Federal Reserve established low interest rates to help ease the country and economy out of the recession of 2008. The Federal Reserve was hoping that the lower interest rate would help to stimulate economic growth by encouraging borrowing and investing. As Federal Reserve interest rates go up a person may see an increase in interest rates for student loans, credit cards, mortgages, and car loans.
Interest-rate stability is very important for the Fed to control because otherwise consumers, like you and I, will be reluctant to buy things like houses due to the fluctuation which will make it harder to plan for the future.
There are alot of things to look at as well as question if the economy can consistently grow. Realistically speaking things cannot grow forever. There are ups and downs the economy faces so it would be hard for the economy to substantially grow at a constant rate. I believe that the economy can grow but with only the right decisions that need to be made to make it grow.
"the message of this book is that recovery from addiction is possible."(pg 2). Recovery is an ongoing journey that requires a lot of attention and constant dedication. In this book they have found six principles that help along the journey which include: Hope, Coping skills, Achievement and Accomplishment, Meaningful Relationships, Identity development, and Reclamation of agency. Those who complete these principles become more aware and gain the right mind set to continue on their path of recovery thus growing themselves.
A mental health counselor develops a professional relationship that empowers diverse individuals, families and groups to accomplish mental health and career goals. Helping others to accomplish their goals and listening to various stories of hardship have always played a part in my life. Stories of others have helped me get through rough times, and so did my own personal stories do the same for others. My story may help save a life tomorrow. It is a rewarding career path that one may enjoy which requires excellent communication skills and a commit between each other.
Introduction People always talk about how important it is for companies to have a good leader, someone who not only keeps the blue numbers, but also achieves a loyalty from customers, pleasant working environment, successful business partnerships and ahead of the competition. To exercise effective leadership, the individual must meet certain parameters, which if they are carried out successfully all of them will ensure a long life to the organization. The relationship with partners should be based on trust. Do not just give employees a list of tasks, encourage their views so that their skills might be enhanced for advancement.
Mental health refers to the state of individuals psychologically, emotionally and socially. Mental health affects a person’s emotions, feelings, thoughts, and sections when exposed to different situations. Furthermore, mental health is responsible for a person’s reaction to stress and other social conditions. Generally, mental health affects how a person relates to others and their ability to understand and interact with them. Therefore, problems that affect a person’s mental health affect the abilities to socialize, their feelings, moods, reaction to situations. The person experiencing mental health problem may portray different behaviors when confronted with different issues. Mental health issues have several