We are please that you have chosen to visit the “economy” section of USMoneyTalk. In this section you will find innumerable news articles and information about the US economy as it relates to the world of “money.” As you browse or search for more specific information on this very broad topic, we are confident that you will be as excited as us about how money makes the “economy go round.” Read on to learn more!
How The Economy Colors Your News World
Regarding news about the economy to many people, the term “economy” is a dry and uninteresting one. When you discuss the economy, many people immediately tune you out and lose interest; unless you’re an economics student or work in a money-related field, you may feel as if the economy is a pointless topic to discuss. Did you realize, though, that the economy affects your life in several different ways? Every single day, the state of the economy is exerting its influence on you in ways big and small. In fact, the economy can be a surprisingly interesting topic – when you think about it in the right way.
Jobs: An Integral Part Of The Economy
We bring you the latest job market news. Whether you have a job, are looking for one – or even if you aren’t currently employed – the unemployment rate and the overall state of the job market are having an impact on your life. If you’re currently employed, the salary that you receive is influenced by the state of the economy and by the supply and demand of your particular industry. In turn, the supply and demand of whichever industry you work in fluctuates based on what everyday consumers are buying. Those consumers need jobs to pay for the things they want, so everything comes full circle.
The dynamics of the job market are incredibly complex. As consumer demand shifts and changes, outdated industries disappear and brand new ones emerge. Many jobs that were in high demand many years ago are practically nonexistent today; candlestick makers, for instance, aren’t quite as prominent as they once were. Today’s information technology professionals would have had a very hard time landing a job only a decade or two ago; all of these changes stem from the state of the economy. The jobs that every single one of your ancestors held – and those that your children, grandchildren and great-grandchildren will have – are all intricately tied to the state of the economy.
Inflation: Rising Prices Spurred By The Economy
Inflationary headline news happens every day. Most people are vaguely familiar with what inflation is; whenever you ask an older person how much a staple like bread cost when they were a kid, you’re given an example of the concept of inflation. Inflation is the widespread increase in the prices of services and goods over a relatively long period of time. Anytime you notice that you’re paying more money for the exact same thing you bought months or years ago, you are noticing the effects of inflation.
Increases in the supply of currency and money are what trigger inflation; other factors come into play, too, but the printing of extra money is generally accepted to be the primary cause. Many people get into investing money in an attempt to assuage the effects of inflation; those investments strengthen the economy. In that way, it can be argued that inflation can be a positive thing for the economy. The bottom line, though, is that there’s no escaping inflation – it is an ingrained part of the give-and-take nature of the economy, and it’s here to stay. Our website is committed to bringing you the latest and most current news information as it relates to the interaction of money and its relationship to the economy.
Current Events: Dominated By The Economy
Regardless of what decade you look at, there is bound to some major type of economic occurrence during it. Even those who know very little about the history of the United States, for instance, are familiar with the Great Depression of the 1930s; during the late 1990s, the “dot com bubble” pushed the economy into overdrive, giving a heady sense of excitement and optimism to investors and everyday people alike. What goes up must go down, though, and that bubble ultimately ended up bursting. Millions of people went along for the ride, and news items about the phenomenon were in heavy rotation.
Congress is constantly enacting different types of legislation in response to the fluctuations of the economy. During the late 2000s, Congress “bailed out” several large financial institutions and banks in an effort to nip a major recession in the bud. Congress passed the Sherman Antitrust Act of 1890 in order to put an end to monopolies by huge corporations and other commercial entities. These acts – and many others like them – had major repercussions for everyday people like you and are always extensively covered by the news media such as this website.
Interest Rates: Determining How Much Consumers Pay
Like many people, you’ve probably purchased a car, used a credit card or even set up a mortgage for a new home at one point or another. During all of those situations – and many others – the amount that you ultimately had to repay was largely dependent on what the current interest rates were. Banks use benchmark interest rates and lending institutions to determine how much to charge in interest; world pressures – especially the economy, heavily influence those benchmark interest rates.
The government sets benchmark interest rates, and it is a very complicated science. On the one hand, the government wants to keep interest rates low enough to keep consumers like you out shopping and making big-ticket purchases; on the other hand, it wants to keep them high enough to leave a bit of room for profit. If the banks aren’t going to be making any money, they aren’t going to be as amenable to lending. Interest rates color many different aspects of our daily lives; when they’re high, we can’t afford to buy as many things as we’d like to and when they’re low, we get more bang for our economic buck.
Money Matters – And So Does The Economy
The next time the topic of news about the economy arises, try not to tune the speaker out. Instead, listen in and even get into the conversation. Rather than strictly being about dry topics like numbers and money, the economy is something that plays a role in many compelling areas of your daily life. With a basic understanding of what makes the economy work, you will realize that it’s far from a boring topic – it’s actually interesting, important and more intriguing than you’d expect. We look forward to bringing you the latest news and information about the economy and how it affects the flowing river of American money.