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Contents contributed and discussions participated by elvisv

elvisv

US adds 321,000 jobs in November - 0 views

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    The article mentions of the increase in jobs being add in November and during the holidays, which will lead to a drop in unemployment thus an increase in real GDP. However the jobs are only seasonal and there has also been a drop in the deficit.
elvisv

New York Fed: Long-Term Unemployed Still Count - US News - 0 views

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    The article discusses the differences between the rates of long-term unemployed, short-term unemployed, and nonparticipants who do and don't want a job, as well as discussing issues related to "slack" and this is affecting the overall economy.
elvisv

Running out of time - 0 views

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    The economy has been improving since it's last recession from 2007-9, but believes that the next recession is soon to come. Still no completely recovered they're afraid of the next recession, so in order to prepare/recover faster they believe that interest rates must stay low and that fiscal policy has to do more of the work for economic stability.
elvisv

Super Bowl XLVIII Pricing: A Lesson In Demand Elasticity - 4 views

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    This article speaks about the Supper Bowl and how it is inelastic. Because the quantity demanded for seats is inelastic, they decided to increase the price to gain more revenue. This is strange because this seems to be a luxury item more than a necessity, but I guess some see it as a necessity.
elvisv

With costly bananas, apples and grapes, orange becomes favourite fruit this season - 0 views

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    This article speaks about the increase in demand for oranges because weather conditions have damaged the harvest of other fruit, such as apples and bananas. These weather conditions have caused the fruits to increase in price because of the lack of supply available. As a result oranges became the number one choice because of its lower price, so people were able to get more for their money. However, the wealth of the company producing the oranges hasn't been shared with the people due to the cost of transportation. They will see if these result will change depending on the next harvest.
elvisv

Wheat hits record as global demand depletes supply - 0 views

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    The article speaks about the decrease of shrinking food stockpiles (i.e. wheat) around the world resulting in an increase in demand for the good. Due to the slack of supply available for markets around the world the demand needed has increased. This is a result of multiple factors, such as weather. Overall, this is affecting the health of it's people and hindering trade.
elvisv

Bitcoin: The opportunity costs of mining for money - 0 views

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    The article relates to opportunity cost and how each choice holds a negative and positive trait. In the article they spoke of soft money (paper money) and the use of species (such as gold and silver). The positive effects of soft money is that it is cheap to produce and doesn't require much material. However. The issue with soft money is that since it's so inexpensive people believe that it will cause inflation to soar. Species are valued because they are hard to find and require a lot of labor to get (more money). Taking a lot of time to retrieve and to mold into coins takes up more energy. A new idea that came to mind is digital currency. Depending on how it is used it can become a great asset or a hindrance. Overall, there are many opportunity costs all holding good and bad qualities, but the greatest is the one that benefits us overall.
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