Recent Streetsblog USA posts about Economics

Photo: Credit Now Auto Sales

What Comes After the Auto Bubble?

| | 83 Comments
Vehicle travel in the United States has experienced a resurgence in the last two-and-a-half years, following an unprecedented decade-long per-capita decline in driving. Low gas prices are likely a big reason why; recent increases in incomes and employment as well. But an additional factor has been relatively unexplored: the effect of changes in credit markets on vehicle purchasing and ownership.

How Cutting Back on Driving Helps the Economy

| | 11 Comments
Cross-posted from City Observatory As Americans drive less and spend less on fuel, they have about $150 billion annually to spend in other ways. There are two kinds of economics: macroeconomics, which deals in big national and global quantities, like gross domestic product, and microeconomics, which focuses on a smaller scale, like how the prices […]