Business cycles
← Strategically Crafting | Management → |
The united states economy has of late been on most media regarding the worst recessions that the country is undergoing through. This has been happening due to the old assumptions that its citizens have been having taking rule of our minds. “We have had to rethink old assumptions and question conventional wisdom in the face of a crisis whose dimensions few of us might have imagined.” US President Obama. Indeed when you stick to to traditions that have been past by time, they will remain morals-yes but impact little on economic technology (cycle).
The US economy has been striving on growth and keeping its status. It has always forgotten one thing! The economy has not been keeping people on jobs. “Employment is down about 6 percentage points from its peak in late 2007.” He says. Employment is a key contribution to the economic cycles of any country. Unemployment indicates a very poor recession-employment indicates a well doing nation in terms of economy. Unemployment in the US occurred because many firms were just producing products without keenly evaluating the sales they were making both in the national and the international markets. This is also an indication that they must have not studied the market trends from their competitors like the other superpowers like the Japanese and the Russians.
IT must have also had some impact on job market and the entire economic cycle. But it should not be taken directly that IT is killing jobs, it is creating-
“The extent of the improvement may be similar to the jobless recoveries following the 1990- 1991 and 2001 recessions. In the second case, it took three years after the end of the recession for the level of employment to exceed its previous business cycle peak.”
This was just after IT technology had taken deep roots and made a greater improvement in job creation and economic improvement. Glick et al. (2009).
Other factors that impacted the situation is the households that took largest proportions of debt from the banks. This must have lead to low personal saving rate that resulted to the entire economic crisis all over the US and the entire world. This will lead the whole nation into debts! According to (Reinhart 67) "The true legacy of financial crises is more government debt."
From the above factors however, some gave a positive remark on the future contribution to the business cycle in the US. Firstly, unemployment and joblessness. This is one of the most influential factors that will lead to severe business cycles in the US and even the world at large. For one, this not only affects the economy but also the legal aspect of the government as such like theft, prostitution and drug abuse to generalize. Back back at our mind, these are the obstacles that most hinder any economic prosperity and progress of any country. The weakness of consumer confidence may also fall here.
On the other hand, other factors like sticking to outdated traditions will still be there and I don't think if it will affect much the economic cycles. Ethics is diverse and every society's ethics are defined and starting to argue about them will just leave a grudge on the involved parties. This will bring in the law and will eventually lead to some ambiguity between the ethics and government land laws. On debts, this will much affect the economic cycles on the basis that the employment will either lead to award of jobs to people that will eventually make people independent and not bother banking institutions with dangerous loaning. Like it happens, it eventually leads to writing off the loans because such people will never be able to repay. Consistent trends like this lead the entire country into debts.
Economic scholars are very many all over the world. Most scholars have come out to say that the business cycles are dead. But this is not true. Business cycles are to stay and live for ever because technology growth is a continuous and ever growing field. Keeping in mind that technology and business ideas are like a one thing. Any new ideas that come will always lead to a change in the business cycle. The united states of America has to undergo through other business cycles.
First of all, the president if not the only party who controls the economy of the states-though he/she has say. Unless decisions are made together as a community at large, the impact will be very small and the business cycle will be affected at last. The effect can be negative or positive remaking the fact that the economy has been affected. Normally the economy will never stagnate at one point because the economists argue that economy depends on many factors ranging from nature-like the environment.
Taking the example of the medical bill in the US, the president is seen to have very good will for the state but surprisingly, the entire senate has personal political ambitions that they want fulfilled.
For instance, according to Reinhardt,
“Federal Reserve can specify requirements for capital, liquidity and leverage for any firm (whose combination of size, leverage, and interconnectedness could pose a threat to financial stability if it failed) If a large firm is failing, Treasury can appoint a conservator or receiver – in lieu of bankruptcy Implication is that such firms are 'TOO BIG TO FAIL' or truly, 'TOO BIG TO SUCCEED INDEPENDENTLY'.”
As the president of the united States, I can recommend the following factors to end the recession of 2007-2009. For one, I will mobilize the US Treasury to plan a scrutiny on markets to formulate strict rules that will make it possible for them to restore the or win the confidence of their customers into their markets.
Banks must have specific strategies in order to be allowed to run. For example, they must have sufficient capita to be allowed to be in the market operation. The banks must ensure liquidity and implement major deposits with aggressiveness. Under macro-strategies for the global economy there should be a mandatory location of floor for housing values and cleaning up of balance sheets at recognized and valued institutions.
From the previous records of the United States, bank borrowing can be temporarily allowed in order to allow access to funds and reduce the borrowing rates. The government should also input/inject capital to promising and ready to run, aid and protect institutions that can boost the economy in any way or give some hope to consumes. My government should be able to remove, write off bank problems in order to help them start running again. Giving banks future optimism on total profits and positive returns all the time. This will be a king of motivation to macro investors.
Allowing of the bank managers to make proper decisions that could be right even though they not necessarily are and or is stated in the laws. The government should finally have shares in order to increase trust in the investors and the management itself.
- Management
- Business Law
- Strategically Crafting
- Business Plan to Establish for a New Venture in the Field of Medical
![]() |
Grace G.
London, UK
|
|
I was quite satisfied with the results of my paper order. EssaysEmpire.com sure has some good writers! I thought it might just be some college kids who were writing in their spare time to earn some extra bucks. No! EssaysEmpire.com hires legitimate writers. They all seem to be well educated and intelligent, too. My paper was terrific! |
![]() |
Kyle N.
Tempe, AZ
|
|
Dear Sirs: I have just placed my third order from EssaysEmpire.com this term. I feel confident that my paper will be written on time and that the quality of it will be out of the ballpark. The first two papers I ordered from you got A+ marks, and I know this one will, too. It is so great to be able to sit back and concern myself with my reading and exams while you do the difficult writing projects for me. That is really great. You guys are a class act! |
![]() |
Tricia A.
Calabasas, CA
|
|
Thanks for everything. I like your writing service a lot. Your staff is friendly and they’re always open. The papers that you’ve written for me have been very good. |
![]() |
Maddie P.
Seattle, WA
|
|
The EssaysEmpire.com website is so great! There are no mysteries to be solved. They give you the full layout about what they have to offer and how much it costs. No surprises. I had a couple of questions about the different options and their customer service rep was so friendly! She answered all my questions. I ordered my first paper and it was so well written that I got an A+ on it! Thank you, EssaysEmpire.com! |
![]() |
Jennifer C.
Sulphur, LA
|
|
Your writer did a great job on my history paper. I didn’t have to lift a finger, yet I received an A+. I read the paper and felt like I learned an entire semester’s worth of information. That’s how good it was! |
![]() |
Bruce B.
Purcell, OK
|
|
I had a hard time articulating what my professor wanted, so I was able to speak straight to my writer. After I had explained a little bit, I could tell he understood everything. He then took the ball and ran with it, so to speak. He wrote my paper in two days and it was the picture of perfection! I am very grateful that he knew what to do and how to do it so perfectly. |
![]() |
Nancy T.
Little Rock, AR
|
|
The quality of the work produced by your professional writers is second to none. No wonder you have the reputation for being the best writing service online! You certainly met up to all of my expectations! You’re the best, for sure. |
![]() |
Melissa C.
Rochester, NY
|
|
I am completely satisfied with the paper I purchased from your company. I only wish I had known about you last year when I took an F grade for not being able to complete a paper on time. The work you did was marvelous. Whenever I find myself falling behind in my school work, I will be sure to pass along some of my more difficult written assignments to you |
![]() |
Thomas C.
Louisville, KY
|
|
I loved the paper that your writers helped me with. They wrote from a very interesting perspective that I had never even considered. My teacher was happy with the work, and so was I. Thank you very much. |
![]() |
Doreen A.
Malibu, CA
|
|
Due to a family emergency, I was unable to complete a very important paper. Thanks to EssaysEmpire.com, I was able to hand in a well written paper and not sacrifice my grade. I will be forever grateful to your writing service for providing such outstanding work. Thank you so much. |
![]() |
Phil E.
South Hadley, MA
|
|
So often, when one deals with customer service, he or she is treated rudely. That was not the case with EssaysEmpire.com. The agents were helpful and friendly, knowledable and concerned. I, for one, was astounded with their competence. When it came down to the actual written material that I ordered, it was much better than I had anticipated. There are clearly some expert writers who work for EssaysEmpire.com. I would rate this writing service as exceptional, 5 stars out of 5 stars. I will happily return when I need help with another written work. |
![]() |
Marcy V.
Paris, FR
|
|
Given the short amount of time I gave your writers to create my term paper, I was amazed by how good it was when I received it back! It appeared they had spent months writing it, rather than just one week. Thank you, EssaysEmpire.com! I enjoyed doing business with you. You are a fabulous writing company. |
![]() |
Nancy B.
Lawrence, KS
|
|
I accidentally read the wrong chapters for my history assignment. Therefore, when it came down to the wire and I needed to hand in my history paper, I had to reach out for help very quickly. Your writers were able to put something together for me so fast! I couldn’t believe it! I handed the paper in and got a very high score on it. I was stunned! Thank you so much for your help! |
![]() |
Quincy S.
Cambridge, MA
|
|
You guys did a super job on my paper. The work definitely exceeded my expectations and eased my anxiety. This was the first time I had hired a writing service. The transaction was seamless. I would use you guys again in a heartbeat! No questions asked. You’re the best, hands down. |
![]() |
Ren B.
Sparks, NV
|
|
I ordered two papers from you at once. Both of them had strict deadlines and not that much time left. Your writers managed to get both papers to me on time, and both of them received high marks. I am so happy about this! |
![]() |
Phoebe K.
Madison, CT
|
|
I find your writing company to be professional, proficient and perfect. Your papers are always so good! They make good reading, in addition to being well written assignments. I can tell your writers really know their stuff! |
![]() |
Ohjasi O.
Tokyo, JP
|
|
The essay that your writers turned out for me far exceeded what I was expecting. It even came with a plagiarism report to prove that it was original. The customer service center was the picture of perfection, too. I loved everything about using EssaysEmpire.com and plan to use your services again. You are one class act! |
![]() |
Hillary M.
Santa Cruz, CA
|
|
I received 100 points out of a possible 100 for the paper that you wrote for me. |
![]() |
Glen M.
Oakland, CA
|
|
Your writers are awesome! I got an A and two A+’s on the papers that they wrote for me! |
![]() |
Bryce F.
Capistrano, CA
|
|
Thanks for the excellent job that you guys did on my history assignment and my bio research paper. I never could have done this on my own. |