Business

Chris Cantell Discusses Business: American consumers in a "gap"
by Lenka Lehenova

We all know about economic depression in USA. It is not a new but do you know what everything it influences? There are a lot of factors which depend on USA as very strong country. For example the price of oil which is still jumping because the value of dollar. Oil prices exceed $100 a barrel that is a historic record. This "black gold" is very important and we all need it but today there is not enough of it. USA is in a "gap" but economists, analysts and also government try to help and change this situation. Stagflation is the other effect of recession. It is a macroeconomics term used to describe a period which is combinated with stagnation and inflation. Stagnation is typical for economic recession, it means slow economic growth and rising unemployment and that exactly is the situation of USA. It is very tearful that mostly inhabitants suffer by it. There is harder to find a job and paysheets are still the same without the raise. People are losing their job because wary employers eliminated jobs in January and that is the first nationwide loss of jobs in more than four years.People are distressed from rising prices and reduction of wages. It influences businesses because costumers' demand is declining. Consumers wages are down 1.4 percent from a year ago but they have to pay more for their needs especially for heating homes and filling up gas tanks because prices paid by them are up 4.1 percent. This is the biggest increase in 17 years. In the moment there is very important to keep inflation under control and achieve economic growth. It is the mission of Federal Reserve Chairman Ben Bernanke and his colleagues who monitor the inflation situation very carefully.

related story: http://news.yahoo.com/s/ap/20080226/ap_on_bi_ge/economy_twin_evils;_ylt=AmwfyTMAaiWWhs.TQruKHI2s0NUE

by Lenka Lehenova for PocketNews (http://pocketnews.tv)

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posted by Blog TechSource @ 9:10 AM