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US Business Cycles, 2006-2016

The US real economy has followed a jumpy course since 2006. Everyone, and not only in the United States but everywhere, is well aware of the deleterious consequences of the sub-prime triggered financial crisis of 2008 that quickly degenerated into an economic worldwide debacle, hitting most families and individuals in their flesh and bones.

Measuring the magnitude of the crash in terms of such a high-level aggregate as GDP (gross domestic product) falls quite short of sens...

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U.S. Business Cycles, 2006-2016. By mid-2009, sales and industrial production take an upward turn, signaling a positive change of the economy mood. Working hours and employment follow suit at a slower pace, eventually causing income and GDP to invert their previously downward course. The economy entered into an expansion cycle since 2009, but the downturn of the industrial production index as from December 2014 may read as an ominous foretaste of another impending recession.

 

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 US Debt Clock 

 

Or about:

  • € 17,555 billion.
  • 106 % of GDP
    (US GDP was $ 18,230.1 billion, as of end of Quarter I, 2016).
  • $ 59,143 per US citizen.

US Gross Federal Debt. Calibrated from data from US Department of Treasury.

More debt clocks:
US External Debt
Portugal Government Debt
Portugal External Debt