We wish you and your students the best as everyone responds to the medical and economic impact of the pandemic. With troubling news unfolding day by day, your students may have questions about the economy as they hear more and more discussion about a recession. As painful as these current circumstances are, they do present […]
Category Archives: Understanding Basic Economics
15 Cities Where Earning $100,000 a Year Isn’t Nearly Enough to Live Well
"In most of America, earning $100,000 a year could be considered a sign of success. But in many cities, someone making $100,000 a year will just be scraping by. "New data from GOBankingRates looks at what a family needs to make in America's most expensive cites in order to live comfortably there. And, in these […]
Here’s Why the Economy Feels So Bad When It Sounds So Good
Unemployment is at record lows and the stock market is at record highs, yet Americans largely don't feel confident about the future. That's because those two numbers — easily the two most watched in the US economy — don't capture what's wrong with the country's economy.
The World’s Most Brilliant Hedge Fund Manager Made a Video Explaining How the Economy Actually Works
"Ray Dalio manages the world's largest hedge fund, Bridgewater Associates. It has a tremendous track record, so when the man talks about markets, people usually listen. "Beyond that, Dalio is known for having one of the most refined understandings of the economy in the financial industry." Read more . . .
The Most Amazing Economics Website in the World
" . . . FRED, which stands for Federal Reserve Economic Data, . . . is run out of the Federal Reserve Bank of St. Louis, which is one of 12 regional Federal Reserve branches. There are two reasons we go to FRED just about every day. Via www.businessinsider.com
The Great Flow of U.S. Debt
. . . China is not the only owner of US debt – far from it. In fact, name a random country somewhere in the world, and we probably owe them something. And though many debts are small in comparison to those of big lenders like Japan, the UK, and aforementioned China, they aren’t chump change […]