The capitals of most countries are bustling and busy from sun up to sun down, but not Carcas, the capital of Venezuela. Venezuela has drifted another step lower in the digression of the country. which now includes running out of food and water and even electricity. These basic necessities are being rationed out and locals are living without them. A bakery in the center of town is still baking bread, but even it had to shut down production last week until the owner could find flour.
The residents have noticed lately that the water has turned to a brown color and is making their families sick. They only shower once or twice a week, but the water appears to be causing skin irritations and blisters that are painful to the touch. The government has reduced the work week to 2 1/2 days to concerve electricity, and the government offices are working on reduced hours also. In fact according to Adrian Jose Velasquez Figueroa, the Department of Labor office has been converted into a food pantry for government officials.
Apparently, Mr. Maduro doesn’t have a grip on the downhill slide of his country. He went on TV yesterday ridiculing the Organization of American States. Mr. Maduro took direct aim at Luis Almagro calling him a spy and a longtime traitor among other chidings towards the U.S. In spite of the condition of the economics in Venezuela, Experts like Jose Figueroa says Maduro continues to push blame on other entities for the fall of his Socialist Party and country.
Mr. Almagro responded to the president saying that he should be removed from office this year. He is inefficient and ineffective as a leader and has created enough damage. Mr. Almagro, along with most economists agrees that the country is crumbling because of years of mismanagement from a petty dictator,
Economics explains human behavior in interrelated patterns. The fundamental part of economics revolves around rational decision making about cost consciousness. An economist on valuewalk.com looks at the maximization of benefit at the lowest cost available. Also, decisions are made in economics based on analysis of the markets, and prevailing conditions. Market analysis is a skill, which mature economists have and utilize to make appropriate choices. Trend analysis is one of the most helpful tools to understand occurrences and predict future changes in micro and macro factors.
Christian Broda is a New York-based economist. His work is widely read due to the great lessons he teaches people on proper ways of living. The advice is based on analysis of market behavior and future patterns. He specializes in understanding the financial markets, and the factors that cause fluctuations. According to Broda, every occurrence has a reason. He continues to say that if the reason can be ascertained, then the trend for the future events can easily be determined. As a financial professional, Broda is a professor of Economics at Washington University. His work continues to gain fame due to the number of predictions he has made with certainty. In fact, a majority of his economic predictions are found to be right. His work is published in the International Journal of Economics.
In 2004, the Bank of Japan was facing a crisis. Many economists predicted a fall in the system, while Broda showed confidence that the bank would overcome the turmoil. After proper analysis of the Japanese Yen, he assured the Japanese that the bank would not collapse. To date, the Bank of Japan is as high standing as any other banks. Debate rages on whether the United States Dollar will maintain supremacy over other currencies in the international market. The foreign exchange market is a complex market. It is due to the different news received on the changes in a particular currency. Therefore, if the universal currency is hit hard, all other currencies are affected.
Established economists in the industry argued that the dollar should be replaced with a common currency, which does not belong to any country.
In his response, Broda maintained that the dollar already had its lowest state in the wake of the Global Financial Crisis. If the dollar was able to arise from that state, then no other market conditions can kill the dollar dominance. Additionally, Christian explained that emerging markets were facing worse circumstances. Therefore, he explained that those that are predicting a fall in the dollar are engaging in “wishful thinking.”
As of Monday, August 24th 2015; The news is all a buzz about the recent stock market crash in China and has people looking into their own economy. We question what the future has in store for us and whether or not we will be seeing a repeat of the dark days in the year 2009. The answer to our future seems to be a few days away. So far the U.S. economy seems to be doing well in comparison to other countries. Oil prices have come to $38 a barrel which seems to be good for the daily commuters and restaurants, but not so much for our investors. As of today we will have to wait it out until we can even make a prediction for the up coming months, but most people seem to like to still hold on to optimism, with good reason.
Christian Broda, having been a professor of economics at the University of Chicago and becoming the most recent managing director at Duquesne Capital Management, he has skillfully written many publications around the years of 2002 to 2009. Articles explaining the stock market and the global economy. With reports of U.S stocks only taking a minor hit and lower yields, we may still see in the short run an opportunity for U.S. citizens to purchase some much needed items such as: refrigerators, cars, stoves, ect.
The Nation has taken to Twitter; with some relating recent event to the Asian financial crisis of 1997 to random racial slurs and obscenities that actually have absolutely nothing to do with our present day predicament, but yet somehow it has found its way in relevance through random words being smashed together with the enthusiasm of a two-year-old with blocks. So far we can all give thanks that this has not devolved into a hashtag that will most likely be misused.