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About: FIRE economy     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatEconomies, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:Abstraction100002137yago:Economy108366753yago:Group100031264yago:System108435388yago:WikicatEconomicSystemsyago:WikicatEconomies New Facet based on Instances of this Class

A FIRE economy is any economy based primarily on the finance, insurance, and real estate sectors. Finance, insurance, and real estate are United States Census Bureau classifications. Barry Popik describes some early uses as far back as 1982. Since 2008, the term has been commonly used by Michael Hudson and . It is New York City's largest industry and a prominent part of the service industry in the United States overall economy and other Western developed countries.