Savings and Debt

My reaction to this article is that everybody should try to stay out of debt if they can help. When you have credit cards dont use it for everything you want to buy because of the interest rates they charge on the cards. The deeper you get in debt it the hardest thing to get out out of. People get in debt so easiy because they dont realize how much they are really spending on things they buy and they are not watching out for the charges that are hidden in these credit cards. The intrest rates can be different on each credit cards some are hight and some are low but they still can get outrageous with them. Finance charges can be dangerous because the can be price at any amout they want. The can go high as 40% and as low as 10% you just never know what they would charge when you purchase something on credit. Americans dont save any more because they think they need lurxury items and that they can just keep getting money in and spending it and they think saving is by bargining on certain or just saving money on sales that stores are having but that not saving at all. When you save money you put it in a bank account and just keep adding money to it and not spending it like that. You could be saving for your kids college fund but i think we should start saving again because colleges are costing to much to send them away to school. The US compare to China has bad saving habits. China saving rates are at 505 and we are below zero. There are more people living here then in china and we should be just as high as them and not below them. We should try and start saving more and we would not be in so much debt.

Critique of GDP Podcast

Well hello to all I'm going to be critiquing Jared and Mari Podcast. Their podcast is very interesting because it not something you think people can come up with. I personally like how they thought of using the phone to help with there homework because as much we use the phone we should also use it to help with work and study with a partner if y'all cant get together in a certain place. Their content was strong and taught you about what GDP really is and they break it down so you be able to understand what they are talking about in their podcast.The recording was great because it was loud and clear and you can understand what they are saying and you can sit and listen and not get bored on what they are saying. The images were great especially when they are talking on the cellphone with each other it makes it look realistic like it actually happening right then and there.The other images were good expect when they repeated images and they were talking about something else at the time and at the end they should of had pictures of them hanging up the cellphone after they finish the phone call with each other. Their podcast was very different then from most it was creative to have a phone conversation instead of plain boring talking like most podcast are but they thought like true teenagers because we all talk on the phone like everyday.Yes i learned a lil something about how GDP is broken down what trade deficit was and how they calcuate that into the World And the US and that the US has the biggest GDP then come Japan. Well im outie like 5000 or until next time
Signing off Arielle

US Trade Deficit: getting better?

This article is discussing how the more we export the more money we are generating in from the export and the less we important and make out things at home is balancing the trade deficit that the US ecomony is having. Trade Deficit is basically The value of a nation's imports exceeds the value of its exports. The Us trade deficit is likely to go down becuase we make our own things on our soil and we export the things that we make and take in the imports from the other countries we sell out things too. Some Of the products sold over seas are Motorola cellphones, General Motor Cars, CitiGroup is overseas. They say that the Us dollar is not as strong as it us to be. They say that this can help us because we are trying to close the gap between the deficit. The weaker the value the more you can spend on items outside the US.

Taxes - How Does The Government Get Money?

There are many different types of taxes that we are suppose to pay. One of the taxes that we are suppose to pay is the income tax is where you fill out papers that you tell what you spent that whole year and when you finsh that you either get money back or you lose money or get none at all.Everybody suppose to file income tax because the IRS will come looking for you if you dont pay your taxes.Another tax we have to pay Is sales tax when we buy items we have to have sales tax on it. In New York City there is no sales tax on clothes under 110 dollars but when you outside of new york city there sales tax on every thing.

Student Loans - Beware

Some of these Culinary takee out big loans because they want insured that they have a good job as soon as they finish with their schooling. They also take out big loans because the schools cost to much they do not give enough finacial aid. My feelings on student loans are there should be no reason for people take out those who loans and people have to spend the rest of there life paying them off. The intrest rates on these loans are way to high we just coming out of school and we dont have a job right way and your debt is pling up on you. I think they should wait until we have a good job to start adding out debt on us.Yes i do have to take out student loans.I have to take out 2 One is For 2000 and the other is 2500.

Critique of Federal Reserve Podcast

Hi my name is Arielle an im going to review Nadia & Nicole Podcast. The Content in this podcast is very well spoken. This podcast is very well put together and gives the infomation that it is important about The Fed. They expalin each aspect very clearly and they make you want to learn more about the fed if you did not know that much about it. One thinf i thought was to fast was the beginnig they need to slow down and speak instead of saying it so fast. The recording was put together very well. They spoke clearly and precise they know what they was talking about.There was no mistake while they were recording because it is very hard to record when you are not in a sound proof room. They were loud and clear when they talking you were able to understand the content they explain wht the informatdion was need to be know tof us student who were listening to them in the classes. The imgaes on there were very good and i especially like that they use special effects for the beginning when they use the photoshopto ehance words and the title page because it shows there creative side and good to have a creative side when you are doing projects like this. The images go along on what they are talking abofut through out the show each things represent something about the federal reserve . There podcast was very creative because this was done as a talk show and keeps the audience intrested because the fed is not the most popular thing to learn about but they made it something we really need to learn about in life. We all need to know about where our money comes from in life because us teenagers think money grows off trees when we keep asking our parents for money everytime we want to do something. It is verydd educational when we are learning something new they are very infomative with there information.

Compound Interest and the rule of 72

Compound Interest is basically that when that you put your money in the bank your gains interest on the money you have and after a couple of years your interest gains interest on that. When you have like a 1000 in the bank and your interest rate is 10% you will add 10% every year. I think Einstein said this because when you have compound interest rate you gain more money every year on the monry you hvae in the bank. When you have compound intrest is usually lower like 2-4% not as high as 10%

Insider Trading Scandal - What Happened?

This is whaty happen with the insider trading because they knew that the stock was going to go down and cthey need to sell there atock quick. There where 13 people involed with this insider trader. They knew alot about the stocck that going to drop before it actually drop and they bought and sold there actual stock.They use this info to make millions because they knew what to buy and what not to buy because they more they bought in that company the more they made. well i think it wrong for them to have done this because they made other lose money and they was making the big bucks while we was losing money.

Dow down 416 pts! - Why?

The reason that the Dow Jones went down because the chinese that make the goods for certain company in the Dow Jones. The chinese market went down 9% and everybody knew once they went down the U.S Market was going to go down because we have alot invested in the Chinese market.This compares to the great dpression and 9-11 because they both have major decreases in the stock market because those were bad times for the us but in this instinct it was bad time for another conutries market that we have so much invested in with that certain country. No it not a good time to buy because the stock market down and you could lose alot of money if the stock market does not go uup in a week you would of lost alot of money by this time

Opportunity Costs

When economist have opportunity cost they have to see what will have the best outcome in th long run. They want to make more money in less time for somethding valuable then unvalueable.The decision to produce or consume a product involves giving up another product. The real cost of an action is the next best alternative forgone. When I want to go college and pay alot of money in 4 years then trying to get the same job done with the amount i would pay to get into college. Another one if i wanna buy clothes and i really need the sneakers i woudld dhave to give up buying inexpensive pair of sneakers then buying expexnise clothes.

Types Of Economics System

Traditional Economies - This economy system is which people's economic roles are the same as those as there parents and grandparents. This societies produce goods and services are found in parts of the world like South America, Asia And Africa. People that live in agriculture villages still harvest their own foods and also the way they make clothes and make shelter are the same way as there anscestors did way back when.

Centrally Planned (Command) Economy- In this Economy the main decision maker is the government. You can not independently decide to open and run any kind of business without the government permission. They decied what are proudce and sold in these business. The government also decide what type of skilled workers get to work idn the business.

Market Economy- This economic system is one that the nation 's economic desisions are the results of individual decisions by buyers and sellers in the worlds market place. When you finish school you make work where you want to work if the job is open or you can workin your own business. If you open you own business you could risk all the money you saved and borrowed to open up your business and you have to open and pray that you will be sucessful. The prices you charge for goods and services will be influced by the prices charged by your competitors. You success solely depends of the demand by consumers for your goods. You may do well and you made end up going out of business if the people dont like whtat you are selling

Mixed Economy- Thsi economy is mixed between socialism and capitalism. The rules for this economy is always changing because of the lack or principles involved. This economy is a sign of intellectual chaos.

Stock Market Game 1- Initial Investment Strategy

My Initial investment plan is that I will buy a few stock then see what is getting the most money gain in 2 weeks. The ones that sell the most i will keep and sell the ones that are not selling very well and buy new stock that i think are selling good at the time. One Of the Stock I would buy is Kohl's because I like clothing and I would like to see this market thrive in the stock market game. I also would buy AOL stock because this i use most at home and too me this will make a lot of money because everybody use AOL at home or they use something connected to AOL market. I also would purchase Stock in the Dow Jones because they have many of the company I purchase items from when I go shopping for items I need to survive in life. I also would buy stock in phone company because everybody use cell phones. I would be conservative because i don't want to lose all my money before the game ends. I would like to have some money left when the games ends.

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