Segment of the economy: finance, insurance, real estate
A FIRE economy is any economy based primarily on the finance, insurance, and real estate sectors.[1] Finance, insurance, and real estate are United States Census Bureau classifications. Barry Popik describes some early uses as far back as 1982.[2] Since 2008, the term has been commonly used by Michael Hudson[1] and Eric Janszen.[3] 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.
^ ab"What is the FIRE Economy?". Official FIRE Economy. iTulip Inc. 2008. Archived from the original on 17 May 2014.
^Barry Popik (25 June 2005). "The Big Apple: FIRE (Finance, Insurance, Real Estate) & ICE (Intellectual, Cultural, Educational)". barrypopik.com.
^Horton, Scott (27 January 2008). "The Bubble Bursts". Harper's Magazine.
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