Simply Economics

Trump’s Plan to Save ’Trillions’ and Economic Challenges in New Zealand

Know about Donald Trump's plan to save 'trillions' from wasteful expenditure and the economic challenges faced by New Zealand. Trump backs a plan that would give Elon Musk a broad role in U.S. policymaking. Also, explore the reasons behind the high emigration rate from New Zealand and the impact on its population. Plus, delve into the economics of immigration and its implications on housing, economic growth, and more.Sources:https://www.livemint.com/news/donald-trump-elon-musk-head-government-efficiency-commission-kamala-harris-joe-biden-us-november-presidential-election-11725589512332.htmlhttps://www.washingtonpost.com/politics/2024/09/05/donald-trump-elon-musk-election/https://www.cnbc.com/2024/09/06/economic-refugees-flee-from-new-zealand-as-cost-of-living-crisis-deepens.htmlhttps://www.marketplace.org/shows/marketplace/the-economics-of-immigration/Outline:(00:00:00) Introduction(00:00:42) Know about Donald Trump’s plan to save ‘trillions’ from wasteful expenditure(00:03:36) Trump backs plan that would give Elon Musk broad role in U.S. policymaking(00:07:09) 'Economic refugees' flee from New Zealand as cost-of-living crisis deepens(00:09:37) The economics of immigration

Economic Consequences of US Presidential Election and Beige Book Signals Slowdown

Trump's economic agenda vs. Kamala Harris' economic agenda. The Beige Book report reveals a widespread economic slowdown. Plus, the depletion of pandemic-era liquid wealth and the impact of economic migration trends on states' economies.Sources:https://www.theguardian.com/business/article/2024/sep/05/donald-trump-us-economy-coal-oil-elon-musk-peter-thielhttps://www.actionforex.com/live-comments/566490-feds-beige-book-signals-slowdown-with-widespread-stagnation-across-districts/https://www.frbsf.org/research-and-insights/blog/sf-fed-blog/2024/09/04/economic-letter-video-pandemic-era-liquid-wealth-is-running-dry/https://alec.org/article/examining-economic-migration-trends-jonathan-williams-on-voice-of-reason/Outline:(00:00:00) Introduction(00:00:47) Fed’s Beige Book signals slowdown with widespread stagnation across districts(00:04:03) Economic Letter Video: Pandemic-Era Liquid Wealth is Running Dry(00:07:26) Examining Economic Migration Trends: Jonathan Williams on Voice of Reason - American Legislative Exchange Council

Swiss Economy Outperforms, US Construction Spending Declines

The Swiss economy outperforms weak European industry, driven by strong expansion in the chemical and pharmaceutical sector. Meanwhile, US construction spending declines in July, raising concerns about the overall economy. Plus, the Dow falls by over 600 points as September turns ugly, reflecting concerns about the impact of aggressive rate hikes. Also, Kamala Harris gets a good sign on key Trump issues, with a significant shift in public opinion favoring the vice president.Sources:https://www.swissinfo.ch/eng/multinational-companies/swiss-gdp-grew-slightly-above-average-in-the-2nd-quarter/87484142https://getfea.com/end-use/us-construction-spending-declines-0-3-in-julyhttps://www.cnn.com/2024/09/03/investing/us-stocks-first-day-september/index.htmlhttps://www.newsweek.com/kamala-harris-reduces-donald-trump-lead-poll-1948251Outline:(00:00:00) Introduction(00:00:38) Swiss economy outperforms weak European industry(00:03:58) US Construction Spending Declines 0.3% in July - Forest Economic Advisors, LLC(00:06:47) Dow falls by more than 600 points as September turns ugly(00:09:45) Kamala Harris gets good sign on key Trump issues: Poll

Mixed Performance in European Shares, Impact of Trump’s Economic Understanding

European shares experience a mixed performance as investors await key economic data. Congressman Derrick Van Orden claims Trump understands economics inside and out. Plus, China faces a critical challenge with rising youth unemployment. Also, the tech that will change the economics of biotech with AI-driven drug development.Sources:https://www.marketscreener.com/quote/index/STOXX-EUROPE-600-INDEX-EU-7477/news/European-shares-muted-ahead-of-more-economic-data-47789355/https://www.news8000.com/news/van-orden-asks-voters-to-choose-trump-because-he-understands-economics-inside-and-out/article_30056e88-69a6-11ef-b62e-db9b5fb72e75.htmlhttps://economictimes.indiatimes.com/news/international/us/the-biggest-economic-problem-china-is-facing-now-youth-unemployment/articleshow/113007869.cmshttps://www.brownstoneresearch.com/bleeding-edge/the-tech-that-will-change-the-economics-of-biotech/Outline:(00:00:00) Introduction(00:00:41) European shares muted ahead of more economic data(00:02:23) Van Orden asks voters to choose Trump because he 'understands economics inside and out'(00:04:46) The biggest economic problem China is facing now(00:08:01) The Tech That Will Change the Economics of Biotech

Conference Board Appoints Maria Demertzis, Thailand’s Economic Growth Improves

The Conference Board appoints Maria Demertzis to lead the Economics portfolio for Europe. Plus, improved economic data in July shows positive signs for Thailand's economy. Stay informed about the latest developments in European economics and Thailand's economic performance with 'Simply Economics'.Sources:https://www.prnewswire.com/news-releases/the-conference-board-appoints-maria-demertzis-to-lead-economics-portfolio-for-europe-302235192.htmlhttps://www.bangkokpost.com/business/general/2856877/improved-economic-data-in-julyhttps://moderndiplomacy.eu/2024/08/31/understanding-economic-growth-in-the-digital-economy/https://www.kaohooninternational.com/economics/543916Outline:(00:00:00) Introduction(00:00:40) The Conference Board Appoints Maria Demertzis to Lead Economics Portfolio for Europe(00:04:13) Improved economic data in July(00:07:23) Understanding Economic Growth in the Digital Economy(00:10:33) Economic Calendar for 2 - 6 September 2024 with PMI, EU's GDP, and Thailand's Inflation Rates

Asian Youth Embrace Underconsumption, Market Sell-Off Explained

Singapore's youth embrace underconsumption lifestyle as economic realities bite. Understanding the recent market sell-off is crucial for our viewers to make informed decisions about their investments. Plus, China's overproduction and its potential doom loop, and the impact of inflation on chocolate prices. Stay informed about the latest economic trends and their implications for personal finances and global markets.Sources:https://www.scmp.com/week-asia/economics/article/3276571/singapores-youth-embrace-underconsumption-lifestyle-economic-realities-bitehttps://www.ft.com/content/c08b8892-d92f-44b6-bf29-c9ffb7ebe58ehttps://fortune.com/2024/08/31/tems-parent-pdd-china-economy-outlook-doom-loop-xi-jinping/https://www.ft.com/content/2262e554-7590-48cf-8227-08900ed06c39Outline:(00:00:00) Introduction(00:00:42) Singapore’s youth embrace underconsumption lifestyle as economic realities bite(00:02:39) US High School Economics class: The meaning of the market sell-off(00:06:23) Temu's woes are fresh signs of the doom loop headed for China's economy(00:08:49) US High School Economics class: Chocolate lovers given taste of inflation as Freddo frog prices jump

US Economy Grows at Solid 3% Rate, Thailand’s Economic Performance Improves

US economic growth for last quarter is revised up to a solid 3% annual rate. Improved economic data in July shows positive signs for Thailand's economy. Despite dwindling savings, economists aren't worried. Stay informed about the latest economic updates and their implications for various sectors.Sources:https://www.journal-news.net/journal-news/us-economic-growth-for-last-quarter-is-revised-up-to-a-solid-3-annual-rate/article_c2dfb75c-a08e-56bf-b3e2-c1dfb84459a4.htmlhttps://www.bangkokpost.com/business/general/2856877/improved-economic-data-in-julyhttps://www.marketplace.org/2024/08/30/americans-are-spending-a-lot-and-not-saving-much-economists-arent-too-worried-yet/https://www.marketplace.org/2024/08/30/americans-are-spending-a-lot-and-not-saving-much-economists-arent-too-worried-yet/Outline:(00:00:00) Introduction(00:00:38) US economic growth for last quarter is revised up to a solid 3% annual rate(00:04:05) Improved economic data in July(00:07:29) Despite dwindling savings, economists aren't worried(00:09:47) Despite dwindling savings, economists aren't worried

GDP Growth Surpasses Expectations, Chinese Students Shift to Australia and Britain

Consumer spending and private inventory investment lift GDP by 3%. The decline in Chinese students studying in the US raises concerns. Nvidia's stock dips despite Q2 earnings beat. The US economy grew faster than expected in the second quarter.Sources:https://www.pymnts.com/economy/2024/consumer-spending-private-inventory-investment-lift-gdp-3percent/https://www.voanews.com/a/economics-tensions-blamed-for-chinese-students-shifting-from-u-s-to-australia-britain-/7764241.htmlhttps://www.tradingview.com/news/benzinga:849eedfe5094b:0-nvidia-stock-dips-despite-q2-earnings-beat-is-the-ai-rally-fading/https://www.thetimes.com/business-money/economics/article/us-economy-grew-faster-than-expected-in-second-quarter-v6wbdvb0pOutline:(00:00:00) Introduction(00:00:42) Consumer Spending and Private Inventory Investment Lift GDP 3%(00:03:09) Economics, tensions blamed for Chinese students shifting from US to Australia, Britain(00:06:13) Nvidia Stock Dips Despite Q2 Earnings Beat — Is The AI Rally Fading?(00:08:51) US economy grew faster than expected in second quarter

Mixed Economic Indicators in China, Resignation of Oregon’s State Economist

China's leading economic index remains unchanged in July 2024, while Oregon's top economists have quit. Plus, explaining economics in a relatable way and a closer look at expected population growth in Tennessee.Sources:https://www.fibre2fashion.com/news/textile-news/china-s-leading-economic-index-remains-unchanged-in-july-2024-tcb-297622-newsdetails.htmhttps://www.oregonlive.com/business/2024/08/oregons-top-economists-have-quit-now-who-will-calculate-kicker.htmlhttps://www.carolinajournal.com/opinion/bread-lines-and-ugly-shoes-explaining-economics-is-easier-than-you-might-think/https://www.wbbjtv.com/2024/08/28/economics-professor-gives-closer-look-at-expected-population-growth-in-tennessee/Outline:(00:00:00) Introduction(00:00:41) China's leading economic index remains unchanged in July 2024: TCB(00:03:22) Oregon’s top economists have quit. Now who will calculate kicker?(00:05:47) ‘Bread lines and ugly shoes:’ Explaining economics is easier than you might think(00:08:37) Economics professor gives closer look at expected population growth in Tennessee

Trump’s Trade Policy and Economic Risks, Tennessee’s Projected Population Growth

A closer look at Trump's proposed trade policy and the potential economic risks it poses. Plus, an analysis of Tennessee's projected population growth and its implications for the state's demographics and economy. Stay informed about the latest developments in trade and population trends with 'Simply Economics'.Sources:https://www.aei.org/economics/trumps-road-to-a-trade-war/https://www.wbbjtv.com/2024/08/28/economics-professor-gives-closer-look-at-expected-population-growth-in-tennessee/https://www.ajc.com/news/atlanta-news/georgia-economy-will-pick-up-boosted-by-expected-rate-cuts-from-fed-gsu-says/TUVP6CIFGVCKNBLOGDRUDTTERQ/https://africa.businessinsider.com/news/the-ai-boom-is-turning-traditional-economics-on-its-head-as-tech-giants-boost/s8ckercOutline:(00:00:00) Introduction(00:00:40) Trump’s Road to a Trade War(00:03:22) Economics professor gives closer look at expected population growth in Tennessee(00:06:09) Georgia economy will pick up, boosted by expected rate cuts from Fed, GSU says(00:08:35) The AI boom is turning traditional economics on its head as tech giants boost spending despite high interest rates