Difference between revisions of "US economy"

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* [http://www.uuforum.org/deficit.htm graph of the US budget deficit/surplus, 1961-present]
 
* [http://www.uuforum.org/deficit.htm graph of the US budget deficit/surplus, 1961-present]
 
* [http://www.census.gov/hhes/income/histinc/h02.html Historical Income Tables - Households] 1967-2001: divides income levels into 5 groups, adds in another column for the top 5%, and shows the percentage of the total pie each income range is receiving
 
* [http://www.census.gov/hhes/income/histinc/h02.html Historical Income Tables - Households] 1967-2001: divides income levels into 5 groups, adds in another column for the top 5%, and shows the percentage of the total pie each income range is receiving
* Wikipedia:
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* '''Wikipedia''':
 
** [[wikipedia:United States public debt|United States public debt]]
 
** [[wikipedia:United States public debt|United States public debt]]
 
*** [[wikipedia:History of the U.S. public debt|History of the U.S. public debt]]
 
*** [[wikipedia:History of the U.S. public debt|History of the U.S. public debt]]
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** [[wikipedia:2007 Subprime mortgage financial crisis]]
 
** [[wikipedia:2007 Subprime mortgage financial crisis]]
 
** [http://money.cnn.com/real_estate/foreclosures/ CNN: Mortgage Meltdown 2007]
 
** [http://money.cnn.com/real_estate/foreclosures/ CNN: Mortgage Meltdown 2007]
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* '''Wikinvest''':
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** [http://www.wikinvest.com/concept/Subprime_lending Subprime lending] was either the straw that broke the camel's back or perhaps just the economic warning canary
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===Filed Links===
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{{links/news}}
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==Notes==
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* '''2008-09-07''' [[wikipedia:Federal takeover of Fannie Mae and Freddie Mac|Federal takeover of Fannie Mae and Freddie Mac]]
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===Commentary===
 
===Commentary===
 
* '''2006-12''' [http://sociology.ucsc.edu/whorulesamerica/power/wealth.html Wealth, Income, and Power]: some data about wealth and income distributions; debunks the idea that highly-paid CEOs are merely getting the price set by a fair market competing for their services
 
* '''2006-12''' [http://sociology.ucsc.edu/whorulesamerica/power/wealth.html Wealth, Income, and Power]: some data about wealth and income distributions; debunks the idea that highly-paid CEOs are merely getting the price set by a fair market competing for their services
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* '''2004-01-22''' [http://money.cnn.com/2004/01/21/markets/election_demsvreps/ Surprise: Dems are better for rallies] by Alexandra Twin, CNN/Money Staff Writer: "Despite 'market friendly' Republican policies, stocks rise more and volatility dips under Democrats."
 
* '''2004-01-22''' [http://money.cnn.com/2004/01/21/markets/election_demsvreps/ Surprise: Dems are better for rallies] by Alexandra Twin, CNN/Money Staff Writer: "Despite 'market friendly' Republican policies, stocks rise more and volatility dips under Democrats."
 
===News & Views===
 
===News & Views===
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* '''2007-12-21 video''' [http://www.informationclearinghouse.info/article18934.htm Death Of The Dollar]: [[Paul Craig Roberts]] and others discuss the ill health and possible demise of the dollar.
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* '''2007-10-20''' [http://www.economicsbriefing.com/2007/10/at-edge-of-nightmare-scenario-sivs-pose.html At the Edge of a Nightmare Scenario: SIVs Pose Risks for Money-Market Funds] by Robert Wallach: "The financial world has never experienced a 'bank run' on the entire [[money market industry]], but with markets in general spooked and even [[Wall Street Journal|WSJ]] stating that it is impossible to determine how much exposure a money market fund has to [[structured investment vehicle|SIV]] problems, delicate is by no means an overstatement of the current situation."
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* '''2007-10-19''' [http://www.economicsbriefing.com/2007/10/dow-closes-down-369-points-all-major-us.html Dow Closes Down 366 Points; All Major US Indexes Down More Than 2%], on the 20th anniversary of [[Black Monday]], no less
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* '''2007-10-01''' [http://www.nytimes.com/2007/10/01/business/01cnd-stox.html Wall Street Rallies Into Record Territory]: "Stock markets rallied into record territory today as investors bought back into the [[banking]] and housing sectors, a sign that Wall Street could see an end to the summer’s subprime housing woes and a lower risk of recession."
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* '''2007-09-29''' [http://www.lsj.com/apps/pbcs.dll/article?AID=/20070929/NEWS01/709290338/1001/news 35K state workers get layoff notices]: "Thirty-five thousand state workers were told to stay home from work Monday as Michigan's budget crisis intensified and a partial government shutdown loomed ever closer."
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* '''2007-09-28''' [http://www.crikey.com.au/Business/20070928-US-headed-for-housing-depression.html US headed for housing depression]: "American homebuilders are now holding more than 8 months supply of built but unsold houses on their books (and remember these are new and completed new homes: the figures for existing homes will be out in the next day or so)."
 
* '''2007-09-07''' [http://www.informationclearinghouse.info/article18335.htm Are The Banks In Trouble?] by Mike Whitney
 
* '''2007-09-07''' [http://www.informationclearinghouse.info/article18335.htm Are The Banks In Trouble?] by Mike Whitney
 
* '''2007-08-30'''
 
* '''2007-08-30'''
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* '''2004-10-14''' [http://www.msnbc.msn.com/id/6249895/ U.S. budget deficit expands to $412.5 billion]
 
* '''2004-10-14''' [http://www.msnbc.msn.com/id/6249895/ U.S. budget deficit expands to $412.5 billion]
 
* '''2004-02-02''' [http://news.bbc.co.uk/2/hi/business/3430565.stm Does the US budget deficit matter?] (analysis by Steve Schifferes, BBC News Online economics reporter)
 
* '''2004-02-02''' [http://news.bbc.co.uk/2/hi/business/3430565.stm Does the US budget deficit matter?] (analysis by Steve Schifferes, BBC News Online economics reporter)
<math>Insert formula here</math>
 

Latest revision as of 02:46, 1 March 2009

Overview

This page is a portal for articles and information about various aspects of the United States economy, including:

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Terminology

  • budget deficit: the amount of money which the United States must borrow in order to meet the federal budget; such borrowing increases the public debt. Opposite of budget surplus.
  • budget surplus: the amount of money left over in the federal budget after everything has been allocated. This money can be used to pay off the public debt. (Note: not sure if it automatically does this, or if there are other things that can be done with it.) Opposite of budget deficit.
  • public debt: the amount of money owed by the United States federal government to creditors who hold US Debt Instruments. This does not include the money owed by states, corporations, or individuals, nor does it include the money owed to Social Security beneficiaries in the future. Common synonyms include: national debt, gross federal debt, U.S. government debt Creditors charge interest on the public debt, so it increases each year unless there is a budget surplus sufficient to (at least) pay off that year's interest.
  • external debt: that portion of the debt of all sectors of the economy (public and private) which is owed to foreigners. Foreign ownership of the public debt is a significant part of the United States's external debt.

A budget deficit increases the public debt; a budget surplus can decrease it, but only if there is still some left over after paying off that year's interest.

Links

Reference

Filed Links

Related


Notes

Commentary

the economy vs. the majority party

News & Views