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After Drinking the Good Life, The Hangover May Be Here
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Paul Kasriel sees the numbers for personal disposable income and those for personal consumption expenditures and personal residential investment expenditures and finds them very disturbing as they have deficits for the last 6 of 7 years. Only in seven other years going back to the 1929's has there been such a situation of finances being in so prone to overspending beyond the incomes. People have been borrowing against their home to spend but that piggybank is running out very quickly and so he sees impact on personal consumption leading to a recession.
Whats ahead of the U.S. Economy, first week Sept 2007?
09/08/2007
Whats ahead of the economy in the US, as the crisis in the housing, credit and finance sectors spills over into consumer spending, as 2007 fades into 2008? The take from several economists and experts.
Grouped Articles
Unexpected Loss of Jobs Raises Risk of Recession
New York Times 09/08/2007
Wall Street Journal 09/08/2007
After Drinking the Good Life, The Hangover May Be Here
Wall Street Journal 09/08/2007
Foreign Shocks Temper America's Export-Led Rebound
Wall Street Journal 03/28/2011
Foreign Sales Help I.B.M. to a Strong Quarter
New York Times 01/15/2008
Overseas Investors Buy Aggressively in U.S.
New York Times 01/20/2008
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