Posts filed under “Data Analysis”
Source: Calculated Risk
I have heard a fair amount of chatter about the awful winter weather’s impact on home sales. Let’s clarify the different measures in use for New and Existing Home Sales to see what we can find.
U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly release the New Residential Sales data. Census notes that a “sale” is defined as a “deposit taken or sales agreement signed.” This occurs much fairly early in the house transaction process.
As far as New Home Sales are concerned, the weather in March 2014 probably made only a minor impact at worst. Which makes the New House Sales slump to eight-month lows all the more significant.
click for larger graphic Source: Calculated Risk Have a look at the chart above, via Calculated Risk. It aligns the depths of all eleven post WW2 recessions, showing how long it took them to recover all of the jobs lost. The outlier is the 2007-09 contraction, which according to the chart above, is…Read More
Using big data in finance: Example of sentiment-extraction from news articles Nitish Sinha FEDS Notes, March 26, 2014 There is much discussion and research in finance on using “big data” to understand market “sentiment.” In this note, I will draw on some of my own research in behavioral finance–Sinha (2010) and Heston and…Read More
click for larger graphic Source: NYT Floyd Norris discusses an upcoming milestone: A full recovery in employment to numerical (but not percentage) employment in the US: “This seems likely to be the month when a new high is finally reached, ending a period that featured the largest drop in employment and the slowest recovery…Read More
click for larger chart Source: Visualizing Economics When it comes to the top 0.01 percent of earners, it is extremely challenging to describe the differences in terms of income. Words often fail to convey the massive range. Fortunately for us, Catherine Mulbrandon of Visualizing Economics has put together a simple chart that shows just…Read More