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An array of articles on different aspects of the US economy
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Renewing America » John Kerry’s Maiden Speech: Economics Trumps Everything

Renewing America » John Kerry’s Maiden Speech: Economics Trumps Everything | APECO_pd3 | Scoop.it
If there was any question about whether Secretary of State John Kerry would continue Hillary Clinton’s signature “economic statecraft” ...

Via Teresa Herrin
Grace Roberts's insight:

 

In a recent speech to the students of the University of Virginia, the new Secretary of State Kerry talked about U.S. economic opportunities. He talked about many things that the state department has done in the past to increase US economy through foreign relations and policy. For example, he mentioned how the state department had helped secure one of the largest aircrafts order in Indonesia and a locomotive deal for General electric. It also went into detail about the former Secretary of State  Clinton’s past work. I found it interesting that Clinton changed the State Department’s traditional focus as a tool of diplomacy to a tool of economics. Clinton used her assets in the State Department to strengthen the US economy; deploying embassy staff to promote US businesses and companies to attract foreign investors as well has helping US companies in overseas markets. Kerry hopes to be an even more enthusiastic ambassador for America in increasing foreign policy to help our country. 

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U.S. GDP data disappoints; euro and gold up

U.S. GDP data disappoints; euro and gold up | APECO_pd3 | Scoop.it
NEW YORK (Reuters) - The euro climbed to a 14-month high, gold rallied and longer- dated U.S.
Grace Roberts's insight:

This article is rather interesting in that it gives a rather worldly view on US economics and monetary policy. Although the economic growth in America is stalled at the moment, the nation’s job market is supposed to be improving little by little every day. The recent contraction in the US economy has increased expectations that will continue with its monetary policy. On the other hand, the Euro has increased in value. The easy US monetary policy adds to the attractiveness of the euro where as a couple years ago the us dollar was higher in value. 

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GDP report: U.S. economy contracts in the fourth quarter of 2012

GDP report: U.S. economy contracts in the fourth quarter of 2012 | APECO_pd3 | Scoop.it
Uncle Sam cut his spending in the fourth quarter of 2012, causing the U.S. economy to contract for the first time in more than three years.
Grace Roberts's insight:

For those who haven’t been paying attention to the news or following the status of the US economics, there was recently a contraction in the American economy. Although this may seem like something bad it is, according to this author’s perspective, it seems it may be promising. It is important to keep the business cycle model in mind. The economy goes in cycles that are similar to a winding arrow on a straight line. There are contractions (recessions), expansions (recovery), peaks, and troughs. Lately, there have been some cuts in federal spending, particularly in defense, which was contracting at a 22% annual rate. It is said that the cuts are to be attributed to the automatic spending cuts that are to take affect in March. It is also important to note that another drag came from the business inventories declining, which means businesses while have to do more buying to replace stocks. On the bright side it appears, according to economists, that the US economy will be seeing some growth in the first quarter of 2013, with gradually housing recovery as a big contributor. Another thing to note are the concerns that are to follow such as the weak global demand for American made goods and the sequestration. 

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Obama State of the Union 2013 Address: Summary and Economic Impact

Obama State of the Union 2013 Address: Summary and Economic Impact | APECO_pd3 | Scoop.it
The 2013 State of the Union Address will be given February 12, 2013. In it, President Obama outlines his priorities for the next year. Here's what will probably be included and its economic impact.
Grace Roberts's insight:

Tonight, the President plans to gover a range of topics on our country's economy. This includes job creation and how to expand this economy's growth. In addition, he will also cover gun control policy; in relation to the reent Sandy Hook tragedy and other shootings. He will also be going over foreign policy in relatin to Afghanistan. obama has recieved much criticism in the past in not going over the economy tonight and it is promised he will tonight. 

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Surprisingly Weak U.S. GDP Has Silver Linings

Surprisingly Weak U.S. GDP Has Silver Linings | APECO_pd3 | Scoop.it
The surprisingly weak U.S. economic output in the fourth quarter contains more than a few silver linings.
Grace Roberts's insight:

This article, which is similar to the article I posted prior, is talking about the positive outlook on the recent contraction in the US economy. Even though the spending cuts of the government have played a role in the contraction, private consumption and income has inproved. The frugal spending is most prominent in the state capitals and in Washington. Inventories also slowed as well. On the other hand, consumers are the biggest portion of the US economic activity. Personal consumption and investment in houseing have increased which assure the US recovery mode is upcoming in our future. 

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