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Economic Developments in the United States as of 2012 - Book Report/Review Example

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Summary
This paper intends to analyze the economic trend in America and much focus is on the capital and recurrent expenditure that has left the country with hefty national debts. The analysis is based on the article “The Magnitude of the mess we are in” from “The Wall Street Journal”…
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Economic Developments in the United States as of 2012
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Economic Developments in the United States as of 2012

Download file to see previous pages... This paper offers a comprehensive economic analysis of the economic developments in the United States, which are described in the article “The Magnitude of the mess we are in” from the WSJ. In 2012 the American federal government was experiencing an extra annual spending of $1 trillion compared to 2007 level. The economy trend has been perturbing from 2007 through 2008, 2009, 2010, and 2011.it is imperative to note that, the country is struggling with a string of unprecedented federal budgets, which are serviced by increased borrowing.
The status of economy of the United States of America was agonizing, and it had compelled government agencies to design ways of stabilizing the economic market. The treasury had tried to capitalize on the low, short-term interest rates levied on its short-term loans offered over short-term durations. The government should have faced the real turn of events on the economic status and overhaul the monetary policy to allow integration of the emerging trends with the American economic policy. This ensured positive trend of the economy
This article reveals that, the Federal Reserve financed the 2011 year’s budget deficits. Fundamentally, most of the foreign governments accounted for nearly all of it. On the other hand, the American citizens and institutions’ purchase and sales netted to about zero. The current state indicates that, the Federal Reserve owns 30% dollars of the national debt. This is the largest percentage of GDP in the account of America since the finish of the Second War.
orld War. It is vivid that, the decentralization of the large markets with the centralized control by a few government officials has predominantly affected by the Federal Reserve on the majority of banks and individuals, has put America in the worst ever, economic trends in its history. For instance, the budget deficit index from 2007 up to 2011 appears to be perturbing. It is illustrated as follows Year Deficit ($ trillion) 2007 1 2008 1.1 2009 1.4 2010 1.3 2011 1.2 It is noteworthy that, the Federal Reserve has managed to replace completely, the interbank money and large segments of other markets with itself. This situation has resulted to the determination of interest charge by declaring what it will recompense without much consideration of supply and demand of money (Shultz et al, 17). It is predicted that, if the Federal Reserve continues with the application of the distorting incentives and interfering with price discovery and implementing strategies, which are supply-demand noncompliant, unintended economic consequences are highly predicted to slap the country’s financial systems and economic policies. It should be understood that demand and supply form critical ...Download file to see next pagesRead More
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