The Philadelphia Fed Predicts the End of the Recession

source


My thoughts: Extremely optimistic.

Exports

from Carpe Diem

Notice the extreme decline during the 2001 recession. Currently exports are expanding.

GDP Graph: Output Expenditure Model

source

Gas Mileage

Top Ten Newspaper Websites

Economic Needs as Share of Income are Declining

from Carpe Diem

Confidence in the Economy is Falling

Worldwide Economic Boom

The Greatest Economic Boom Ever?


full article

Rising Oil Prices

from the Economist: An Unwelcome Rise

Unemployment Rate: 4.5%

Federal Funds Rate: Unchanged at 5.25%

Real GDP Q1 final estimate

Profit Margins for Various Industries

Who Pays the Taxes?

The short answer would be the wealthy.

"For 2004, the CBO found that the top 1 percent of all taxpayers paid 37 percent of all individual income taxes...the next highest 4 percent of the population bore another 16 percent of the tax burden. In contrast, the lowest quintile (the 20 percent of households with the lowest incomes) bore less than 1 percent of the tax burden, and the next quintile bore less than 5 percent."

from: The Trouble with Taxing Those at the Top