Difference between revisions of "US economy"

From Issuepedia
Jump to navigation Jump to search
(Michigan in trouble, housing depression ahead)
(→‎News & Views: Wall Street rallies)
Line 35: Line 35:
 
* '''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===
 +
* '''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."
 
* '''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."
 
* '''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."
 
* '''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)."
 
* '''2007-09-28''' [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)."

Revision as of 21:09, 1 October 2007

Overview

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

This page is a seed article. You can help Issuepedia water it: make a request to expand a given page and/or donate to help give us more writing-hours!

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

Commentary

the economy vs. the majority party

News & Views

<math>Insert formula here</math>