ECON 2020 Lecture Notes - Lecture 21: Investment Banking, Freddie Mac, North American Free Trade Agreement

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15 Apr 2016
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2000 - china (major outsourcing of us jobs: more complete supply chain and even lower labor costs. Since 1994 - 4. 5 million jobs decreased in us manufacturing employment. Since 2009 - increased value of manufactured goods in america by 20: reshoring - companies that have outsourced are bringing production back to. Reasons: automation in factories, its too late because technology has advanced. A change in the federal funds interest rate will have a minimal impact on longer term interest rates. 4. 87: fed increased fed funds but little change in longer term rates that are set in markets, global savings glut, markets don"t always go in the same direction as fed funds rate. Link between r & i: as increase in r => decrease in i, as decrease in r => increase in i. . 89 trillion: in this case there was a decrease in r & i. Mortgage backed securities (mbs) steps: home buyer (house ,000 + fees)

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