econ 101 - the state of the economy by marilyn geewax
Post on 29-Nov-2014
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NPR Senior Business News Editor
NPR Senior Business News Editor
¨ Today's Economy: What should we call this? A Recession? A Recovery?
¨ If it's a recovery, why do Americans still feel so glum?
¨ What's happening in your local economy?
¨ How can we get out of this slump?
In A RecessionRecoveryOther
The slowdown in the housing sector "is a concern, but at this point we don't see it as being a broad financial concern or a major factor in assessing the course of the economy."
Federal Reserve Chairman Ben Bernanke speaking to the House Budget Committee in February 2007.
1/02 1/03 1/04 1/05 1/06 1/07 1/08 1/09 1/10 1/11 1/12
4%
6%
8%
10%
¨ The European debt crisis
¨ China is weaker than it admits
¨ A fiscal calamity caused by Congressional gridlock
¨ Energy
¨ Agriculture
¨ Autos
¨ Insourcing
http://www.bls.gov/lau
http://www.standardandpoors.com
http://www.census.gov/govs/qtax
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