Critique of GDP Podcast

I am critquing Ronald and Richard's Podcast. It was very good and entertaining. The music in the background made me want to listen more and very entertaining. They way they spoke was very good and loud. The pictures went along very well with the podcast and it all made a perfect fit. The information was very well put together and made sense all together.

US Trade Deficit: getting better?

Trade Deficit is when a country is importing more than they are exporting. In simple terms, they are buying more than they are selling which will affect their economy greatly and Trade Deficit is certainly getting better and more positive feedback. The article talks about the U.S. and overseas trading. Also how the U.S. will be benefitting from trading overseas. If the coutry starts to export more, it would effect the econom by adding more jobs and help reduce the trade deficit.

Taxes - How Does The Government Get Money?

The government get money from the people and will always get it from the people. Every little thing is taxed and makes us the people angry. Every little thing we buy or getting paid by we are being taxed on.

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Student Loans - Beware

Mostly everyone will need to take out loans in the future or when they really need it but it all needs to get paid back. Many people end up in debt and have much trouble paying it back. Education comes with such a price that many students cannot afford. It is such a major issue and some students can't go to their dream colleges because they can't afford it. Prices should go down and be more affordable. They become such a hassle and too much of a burden.

Critique of Federal Reserve Podcast

I am reviewing Alex and Benny's Podcast.
It is a very good podcast and i learned a lot from it just by listening to what they have to say. They give lots of detailed information and make it easy to understand. It was very clear and very understandable. the images and the recording go very well together. They fit perfectly and match everthing that they were saying. It wa spretty creative and interesting. They took turns in speaking and asking questions which made me want to listen more and learn.

Compound Interest and the rule of 72

Compound interest is the amount of money you arew able to make over the years being depended on the amount of interest the company makes. Of course over the years the deposit you have made increases over the years. For instance, if you deposit $200 dollars, and the interest rate of the company is 10%, in a year your your money would have increased into $210. The longer you keep the money in there, the more you will gain.

The rule of 72 is is a rule stating that in order to find the number of years needed to make your money doubled at a certain interest rate, you have to divide the compound interest into 72. The answer will be the number of years that it will take your investment to double.

Insider Trading Scandal - What Happened?

On March 1, 2007, 13 people were involved in a major insider trading scandel that was uncovered. Two of the men were from UBS and Morgan Stanley. All of them of course were arrested and four of them pleaded guilty to the scandel. They gained over millions of dollars illegally as a big profit from the security industry. Insider Trading is a saying that most investors say is illegal conduct but also legal conduct as well. Legal insider trading is when officiers or coporate insiders, employess and directors buy and sell stock in their companies. Illegal is would be if a cheif excutive of a certain company learned that the same company will be taken over and bought shares in the same company knowing that the share price will rise.

Stock Market Game - 1 - Initial Investment Strategy

I'm just going to buy anything that appeals to me. Like stocks with familiar names but if they are doing bad then I'll give a second thought about it. Industries like Apple and Sony seem really good since everyone loves their products and they seem to do really well. I will try to be conservative but since i like to spend money on stupid things, I probably won't have any money left by the end of the first week also because we only have $50,000. We have about5 months to play the game. A very long time to play and to see who goes up and down.

Why Did The Stock Market Crash?

The stock market crashed because of mainly the chinese stock market. A lot of american money is put into china's stocks therefore if china goes down so does america. There were illegal stocks in china and they tried to take it out but looks like it went bad and went bad for everyone else. Taking risks in stock markets seems to be very dangerous and this seems to be the biggest crash since 2001.

Opportunity Costs

Opportunity costs desicsions that we make and deal with our money. Like if, someone had to buy a present for his mom's birthday or choose to hang out with his friends with his money. He either has the opportunity to make his mom happy or to have a good time with his friends doing who knows what. For example, from my own experience, I had a choice. It was to either get sneakers for myself that I really wanted or to get my my sister a present that was something she really desired but couldn't get that I can. I didn't know what to do cause it was a hard decision to make to either please myself or make her happy. Either way I would lose the money and someone will get something but I made a desicsion. I put my sister before myself and she got what she wanted.

Types of Economic Systems

-Traditional Economies: it is a system which all all the resources are located by inheritance and has a strong social network and based on methods and tools, also very strongly connected to subsistence farming. The maqjority of countries that have traditional economy had been replaced with command economy, market economy or mixed economy.

-Centrally Planned (Command) Economy: ecnomic system which the state or government controls the factor of production and makes all the descisions about the use and about the distribution of income.
-Market Economy
-Mixed Economy