Why does the US economy matter? | Start Here
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- čas přidán 1. 11. 2020
- In spite of the crisis caused by the pandemic, the US is still the biggest economy in the world.
But its recovery has been described as the most unequal in American history.
So what’s really happening to the US economy? Who’s surviving this pandemic better than the rest? And why should the rest of the world care?
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I like how she just gets up, just to sit on another chair
She's used to casting couches ;)
You're not alone
She literally sits in two chairs
I like that too. But what’s the objective of changing chair ? Is that one for Agenda and another for details 🤔
The way Al Jazeera delivers news makes a person watch the whole episode.. Calm & Composed.
This series is about one of the best socio-political series ever... welldone
It's decent, I wouldn't go that far when it doesn't list sources in the description. Quick gatcha journalism like pretty much everyone else.
@@lillim5673 still better than CNN and Fox News
Diving into the depths of the Credit that is fueling the consumption,
is there actually enough disposable income among the US
working class groups to actually sustain the effort
to extend credit to anyone who wants it?
Is the Credit Card boom that was initiated
after 2008, simply delaying the inevitable crash?
Someone not just talking about negative things about the US dam this is a change
*ALL ECONOMIES MATTER*
hahahaha
😂😂😂😂
That's true... protectionism is important!!
Especially the dominant ones
@@mrraytheteacher1123 No All of them Matter
this lady is so elegant and reporting a neutral opinion news. Well done
Neutral?
Al Jazeera's Start Here, Love From Bangladesh 🇧🇩🇧🇩🇧🇩
🤩😍 me too bro!
Me too from BD
@Start Here @Aljazeera i enjoy these shows because they are short, concise and to the point. u can't fall asleep even if you want to
i like aljazeera because their news is unbiased, global and nformative. u don't focus on one country/state...keep up the good work. ur my number one go to news channel
Al Jazeera Most loyal public information firm . Love from India 🇮🇳🇮🇳🇮🇳
There bias
This series is great!
Would be very nice to see you make more news programmes like DW. Like a 45 min show. Thanks🙏🏾
I never bored to watch START HERE.
Love Al Jazeera English♥
*this is why financial literacy is extremely important to invest in for a country. economic crashes are inevitable, but if you're financially smart, know how to save, and diversify your income, these crashes will be little more than a nuance*
Wow! Very informative and well explained, makes things so much easier to understand! Keep up the GREAT WORK TEAM ⭐⭐⭐
Knowledgeable. Thanks . Amazing work
The best idea for a global currency was dismissed by the US in the Breton Woods agreements...That was the single most ominous action in the history of the global economy.
Awesome presentation.
Thank you buddy. Well explained😗
It's a good series for the awareness of the society.
Very informative show.
The best news channel by far in the world without any political influence....
Well explained.💯💯
Thanks for very vital information.
Nicely covered topics, keep it up
Well, what can I say!... Always love AlJazeera
Do an episode on the current state of South Africa and all the protests going on at the moment
The video series must be watch by everybody of interesting social sciences
KPMG and SDX is awaiting for the success in this month. Please kindly let me have instructions for higher resolution details. I have done the excise 👌
Actually the 2008 recession helped india and certain other conservative economies double their growth since we don't have a lot interwined with the West in the economic area
Noticed this while trading binary. Even average holidays in the US can cause unpredictability in most markets
صباح النور والسرور يسعد ربى ويحفظك من كل شر أتمنى لك النجاح المستمر EXCELLENT JOB CONTINUE
Very apt analysis
Finally am here on time
Who created the strong economy in the US? The economy during the Obama/Trump years has been based on nothing more than low interest rates and massive amounts of debt. We are so bogged down with debt that the economy couldn't stomach a rate hike over 2% without imploding, We had to lower interest rates back to 0. Just like a person who maxes out their credit cards to buy luxury goods, living on debt does not make you financially sound. In fact it is the exact opposite.
Venezuelan born in Japan living in Doha after having worked in most continents... Sandra Gathmann aka Talent well.
Well done.
I just love your programme and I really like the way you dress up elegant simple beautiful...
Short and clear
This is something the politicians probably haven't though of. If American consumer spending really drives the economy, then wouldn't policies that benefit the American consumer improve the economy?
Nice Show 💞💞💞👌👌👌
very simple Mam
She telling those things and feeling proud at the same time. Dominating face and smirk
It was informative , Great Job keep going ❤️
I LOVE YOUR INFORMATION. HOPE YOU ARE UNBIASED .
I always knew this was true but I still can't get over the fact that a president I'm not able to vote for still has power to influence my own personal life
This needs to be updated to 2021.
No we don't need US economy to do better, because when one country loses another one wins , that was the rule in all history. So i hope US economy doesn't recovery to fast!
Nice
Does this information still hold true with the recent printing? Surely the dollar can't remain strong if 25% of all money is printed in a year
I have fallen in love with her
The stock buyback was the stupidest thing I've ever seen
Can't still believe it!
Classic wall street greed
It's scary, being dependent on the American economy, a country that is very volatile. Very scary it begs the question what the rest of the world was doing when this be came the norm.
When this became the norm, America was the most stable and industrialized nation in the world. Between 1880s-2000s, America was very stable. Go even more specifically, 1880s-1960s, America had the richest population in terms of per capita GDP, it has the world’s best infrastructure, the world’s largest manufacturer and the most industrialized nation with the strongest and richest middle class.
@@braydenbronstein1190 you're right. My point is why would any leader of any country sign that without a backup plan. History shows that empires vanish eventually. My point is leaders of the rest of the world should have considered that they don't need to be dictated by the dollar. America was eating through their gold fast that's why they did this. They can print dollars,there is even money to be made by doing it rather than mining for gold.
USA's massive ever growing national debt. Sure, let me run up the government's charge card and I could make an economy look better too. But what is the USA's plan on paying off their ever growing national debt? The USA has already been financially downgraded at least once in my lifetime. Will the USA be financially downgraded yet again?
National debt will suddenly matter again when the looters are kicked out of the WH
@@AlyxGlide Seems to be the case, especially concerning the Republican party. (And I am a political Independent for reference purposes. No major political party can currently win the White House without sufficient Independent's support.)
These politicians see a huge pot of endless money and they dive right in. Huge tax cuts for the wealthy and massive spending for their own agendas, with no real plan on paying off the nation's ever growing debt. Seems this will eventually end badly for America.
The most important aspect is trust. Yes, the U.S has a high reputation and trust from investors because of its regional stability, its free market, its democratic government and the lack of intense government control in the economy, all of these indicate that if you invest your capital into the U.S, then you are more likely to gain profit. So long as the U.S can maintain its global domination, the trust of both the local and foreign investors in the country will not go down, that means essentially the U.S can go on debt forever as long as it show a positive economy growth, a healthy industry and a potential for profit, since it give the credit holder feeling of confidence to continue giving out loans while getting the interests instead.
This is also a two bladed knife, since it link one nation's economy tightly into another. Because too many nations invest into the U.S, that means they are also more likely be affected when the U.S hit a recession, this has been proven in 2008, but that has not stopped any nation to continue to invest into the U.S because the gains out weight the risks.
The Republicans believe that as long as this trust is maintained, then the U.S economy will grow and the people's life will improve as a result, while the Democrats thought that the people hasn't gained enough benefits from the growing economy and push for more socialist policies due to how corporations's shady tactics to avoid contributing to society.
@@vanlao6367 There are a couple of things though:
a. Many nations are moving their nation to utilizing Hydrogen in their economies for various reasons. One of course is energy independence away from fossil fuels and not having to fight wars to obtain and maintain fossil fuels. Plus, Hydrogen is the most abundant element in this entire universe. See my Twitter page under the same name as this comment to see years worth of Hydrogen information accumulated over time as to what some nations are doing with Hydrogen. Hydrogen, it's not just the future, it's already here now.
b. The 6th mass extinction event has already started upon this Earth due to primarily natural reasons. Earth's magnetic field continues to weaken, projected to be at it's weakest around 2035. This is going to allow more harmful cosmic radiation to reach the surface of this Earth, and species upon the surface of this Earth, including us. U/V C, which is not normally seen on the surface of this Earth, is currently being seen on the surface of this Earth. U/V C being what some hospitals utilize to sterilize some of their equipment with.
The Earth's magnetic poles continue to move, most probably on their way to another global magnetic field flip. Currently, the North magnetic pole is moving towards Siberia, and is projected to possibly end up around Indonesia. The South Atlantic anomaly is also growing in size.
And then all the associated issues just from these magnetism issues. It's not called a mass extinction event without reason.
c. Of which then also, do ALL nations run up huge amounts of debt to try to save their own people? Otherwise die and go extinct? Of which we are all going to die and go extinct one day anyway, but that is a different discussion.
@Tom Paine Ignorant person who possibly cannot read nor understand the English language, reference this from above brought down here for your edification:
"(And I am a political Independent for reference purposes. No major political party can currently win the White House without sufficient Independent's support.)"
And as far as your "the only thing that matters is the real debt to real gpd ratio", you are wrong. GDP is 'new' items only. A true economy also has non-GDP items in it as well as things like the black market. But if you were more educated, maybe you would have known that.
0:34
1:34 why USA economy is important
GDP: Is NEW items ONLY. I would argue that a nation could have a very vibrant economy with non-GDP items as well. (Buying and selling used items, plus of course things like the black market transactions, which are a very real part of a normal economy as well).
@Tom Paine Just because something cannot be measured does not mean it's not important. For example, we cannot measure how stupid you are but yet you appear to be stupid beyond measure.
Yeah pretty much every economist realises GDP is a highly imperfect measure, but we don't have many better ones
@@Atilla_the_Fun And yet, at times, it appears it the only measure they utilize. If one does not deal with total reality, then one is not dealing with total reality. Basically then, economists are not dealing with total reality, and hence, are often wrong, especially when measuring nations against each other.
@@Atilla_the_Fun Consider also the following copy and paste from my files:
Consider also, the US Fed has a target of 2% inflation every year. But that is also 2% on top of all the 2%'s that came before it, which turns out to be a lot of inflation over time.
Now first, if people's wages, benefits and even saving's account's interest do not keep up with the true cost of inflation, they fall behind in buying power. They eventually could become economic slaves to the larger economy. And slavery was supposed to be done away with at least here in the USA. It seems it has been replaced by a system of 'economic slavery'.
Second, space travel, the ONLY thing that might save any species from this Earth, has gotten more expensive just in my lifetime. What is space travel going to cost in the next 100, 1000, 1 million years from now? Economic inflation just might be a contributing factor to the demise of all life from this planet Earth. And we did it to ourselves. Or more correctly the US Fed did it to us all, including themselves.
Instead of talk like doing away with the penny, they should actually be trying to bring back and maintain the value of the penny. And then have a target of 0% inflation annually. Otherwise, we all eventually die one day from something and go extinct, which is probably going to occur anyway, but without economic inflation, we would have a better chance of surviving. With economic inflation, less so.
What good is life if there is no entity left to live it? What good is money if there are no entities left to spend it?
Survive beyond this Earth, solar system and galaxy, OR die and go extinct. Those are the choices, (if we even actually have a choice).
The US Dollar Speaks all Languages in this world. Its the most acceptable Currency any where around the world. Everybody loves the US Dollar
Except Gibberish
Ji, Ñig ææsencveli ærik ppïnce
Trump says “I am the chosen one and looks at the sky...”
very disturbing...
áno vidím že v také Architektúre auta ne sú potrebné
I went out a few weeks ago just to do an errand. Things are really bad in the real world. A year of politicizing the pandemic has really hurt the US. Other countries in Asia bounced back in a few months.
8:00 Sell their what for bigger ones?
Please can I invest in Bitcoin on my own, I have been practicing on my demo trading account, I don’t want to make any mistake whatsoever.
yes
You can if you have fully understand the Bitcoin market
if you haven’t I will advice you to look for a professional around your vicinity to help you understand the Bitcoin and forex market.
I’m from Belgium I have been an investor in the crypto market for over 3 years now.
Now is the greatest time to purchase and invest in Bitcoin
Obviously trading in Bitcoin is very volatile and risky to trade that’s the reason most traders trade with a company.
About 40% of American households have liquid financial assets, net of consumer credit owed, worth no more than 2 weeks of paycheck. If that describes you, and COVID has reduced your income, you are one of the many victims of the pandemic. This describes many household under 40 years of age.
If you have property income exceeding $1000/ member of household /month, liquid financial assets in 6 figures, no mortgage, and can work from home, you are doing fine. This describes many of the retired, and households that enjoy one or more significant inheritance.
Disposable income is personal income gross of social benefits and net of income taxes.
Growth rate, quarter by quarter, in disposable person income per capita, 2018:IV to 2020:I : average = 0.7%, standard deviation = 0.2%. Slow and steady, as befits a very mature economy late in a long expansion phase.
2nd quarter 2020: 9.4% growth. The stimulus payment was excessive and was insufficiently means tested.
3rd quarter 2020: -3.6% shrinkage. A lot of the money handed in the previous quarter should have been handed out this quarter. The goal should have been maintaining a growth rate of no more than 1% in disposable personal income.
very interesting program please do a research on Cameroon
Especially on French neocolonialism
I like too much your topic to talk about every week keep going my sister
thanks Sandra
However, the negative implications at the end.... disappointing.
The Federal Reserve can print a lot more than other central banks w/ out seeing the same type of currency weakness (though the dollar is weakening) b/c the dollar is the worlds reserve currency and like the reporter said gold and oil are priced in US dollars which creates strong demand
The ability to retain the Federal Reserve Note as the basis
for almost all international transactions,
is backed by the US spending on military budgets,
that insure the domination of the Dollar,
remains unchanged.....
Very sad.
I think I'm in love 😍 🥰
In other words we can stock up and stop buying and we will be heard
Did Trump cut taxes for US WORKERS @ 5:07?
Sloppy Report, Al Jaz!
Now China is going to be No.1, not the US any more.
All little hmh on that. Even if or when China surpasses the GDP of the United States in definite numbers, meaning nominal, that still won’t give them an edge in the global economy. China is a closed off economy, outside of manufacturing, China isn’t really a big player. The US stock markets are where the world’s largest corporations are listed, and if those markets crash, the companies crash. If Wall Street Crashes, the world economy crashes. The US dollar is the world’s central currency and used in 65% of the world’s trade and transactions. The US will definitely remain the world’s largest import/consumer market, giving it more clout in international trade alongside the dollar. American corporations still reign supreme, Chinese companies mostly do business in China almost exclusively.
Just having the larger GDP won’t do it all.
Not possible.... nobody really trusts the Chinese govt. due to its lack of transparency...
we all know we all fully depend on the dollar
consumption is not production. The economy is the balance between limited resources which gives us prices/costs, production and consumption. So, we get consumption at a cost / at a price. Choosing what to produce is a matter of looking at costs and consumer prices. But it is this production that is the economy, while the consumption is the end goal.
@Tom Paine Thank you. Economic activity needs a purpose, purposeful consumption, but mindless consumption will not drive mindful production, We clean the kitchen to consume/enjoy a clean kitchen. So long term GDP growth cannot sustain from consumption boosts (pretending to enjoy the dirty kitchen). Consumption boosts lead to consumption slumps. To add up the individual actions of everyone in an area, calling the sum GDP, dividing the sum into groups (C G I or P) and saying that one group of actions should be boosted, is disconnected from economics. Economic decisions are made at the micro level. They cannot be made at the macro level. Your thoughts?
Man your smart.
The US debt is so high. It affects everyone on earth. Companies try growing as big as they can. The more debt they have, the less fear for a bankruptcy, because the government would cover every fraud they cause and can't let them go bankrupt, at the end tax payers cover everything. The US are pretty the same, just in much large scale and they still keep abusing the situation. You can't get rid of dollar or US debt.
Out of nowhere , People in this comment section Received a Gold medals In Economics
I feel like she didn’t explain how what happens in America influences the world. She spoke about the American economy and how it works, unless I am missing something?
1. 1st GDP in world
2. Most important: Gdp mostly from consumer spending: 2/3 of gdp
3. USD domination: king currency
Any policies in US is to protect the growth if consumer spending through: creating job through cutting regulations, trade war with China, Bond etc.
👍
Please share Information on Israel & Pakistan Relations
I appreciate the way you present a statement and show where and who it came from. I would like to see a video on the the governing bodies in South America. Are foreign powers dividing South America the way Africa has been controlled causing no stable base for governments?
Gorgeous!
I love that bit where you say,Trumps tweet can hurt or boost the Stock Market.
In your well being, lies my well being. Whether its America, Afghanistan, Iran, Venezuela
Pumping new fiat into existence like no tomorrow is not the way to do it
With that, the US economy will matter less and less to the world with the passage of time. But it will still matter just as any other country's will matter too.
Economy is most important for logistics of waraafairs protecting nations the world >>Is included in Marshalplan.. with the use of Darpasystems too..Moi Carlo The Conqueror
Okay so the title should be changed to how to recover the us economy ?
What is the name of the lady
key word Credit
I can't find u
In Satoshi We Trust
Your second seat is out of toilet paper 🤣🤣🤣
THEN WHY IS AMERICAN ECONOMY IN A MESS!
Make tax cheaper, make borrowing cheaper, crash the economy, buy up everything
I still think we need a Universal Basic Income. Can you do a story on that please. thx.
Is it tho
Omg she is awesome, good way to explain, could you please talk on Bitcoins too ? Bitcoin will overtake US $ as the de-facto currency.
it just reached a trillion market cap... it has a long way to go
And it crashed again
I wonder wasn't mentioned one of the most important building stone of the US economy?
The USA is the biggest exporter and supporter of wars in the World...
Because china is not a floating market where USA gives benefit to all due to a floating market.
Not a trump fan at all, but USMCA was the greatest trade deal in American history.