Related Web Links – Module 16 - Income and Expenditure

Deceasing consumption expenditures, increased household savings and the recent financial crisis/recession are discussed in the following articles:

From the Wall Street Journal (WSJ) in June 2009, http://blogs.wsj.com/economics/2009/06/25/guest-contribution-housing-bubble-fueled-consumer-spending/.   

WSJ Article “Americans Get Even Thriftier as Fears Persist,” http://online.wsj.com/article/SB124385895294472035.html.

Article entitled: “Fighting Back Against Shoppers' Guilt Retailers Rethink Tactics, Seeing Shame Over Splurging as a Barrier to Recovery,” http://online.wsj.com/article/SB10001424052748704597704574487342734060448.html.

New York Times article, “Consumer Spending Declines: A Historical Oddity,” http://economix.blogs.nytimes.com/2009/04/14/consumer-spending-declines-a-historical-oddity.

Paul Krugman’s New York Times commentary, “When Consumers Capitulate,” http://www.nytimes.com/2008/10/31/opinion/31krugman.html?_r=1.

For information on interest rates and the US Housing Boom, see Alan Greenspan’s piece, “The Fed Didn't Cause the Housing Bubble Any new regulations should help direct savings toward productive investments,” http://online.wsj.com/article/SB123672965066989281.html.

For more information on interest rates and the US Housing Boom, see the following articles:

“Europe Feels Pinch As Housing Boom Slows,” http://www.realestatejournal.com/buysell/regionalnews/20071023-perry.html.

 “Housing Boom Echoes in All Corners of the City,” http://www.nytimes.com/2005/08/04/nyregion/04housing.html.