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Economics 2009

Economics 2009. Where are we And How did we get here?. Brief Overview of the State of the Economy. The U.S. Auto Industry. U.S. Housing Market. U.S. Banks. Banks Continued. American Consumers. How Did We Get Here?. What Happened to Wage Growth?.

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Economics 2009

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  1. Economics 2009 Where are we And How did we get here?

  2. Brief Overview of the State of the Economy

  3. The U.S. Auto Industry

  4. U.S. Housing Market

  5. U.S. Banks

  6. Banks Continued

  7. American Consumers

  8. How Did We Get Here?

  9. What Happened to Wage Growth?

  10. Top Earners vs. Bottom 90% (the rest of us)

  11. With No Growth in Wages,Savings Have Plummeted

  12. Savings—U.S. vs. Rest of World

  13. Incomes Flat, Expenses Growing, SavingsShrinking, Debt Expanding

  14. Debt Payments Consume Larger Shareof Income

  15. Debt Service Payments as Share of Disposable Income

  16. Consumer Credit v. GDP: 1980-2008

  17. Meanwhile, Housing Prices Have Skyrocketed

  18. Lending Standards Have Relaxed

  19. Homeowners Financed Consumptionby Taking Equity Out of Their Homes

  20. Equity Values Have Fallen

  21. How Much of Our Economic Growthis Attributable to the Housing Bubble?

  22. Investors Inflated the Bubble

  23. Near-term Future for Housing Prices?

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