Posts filed under “Data Analysis”
My Sunday Washington Post Business Section column is out. This morning, we look at why the economic recovery is so unevenly distributed.
The print version had the full headline Not everyone is feeling the economic recovery while online the headline was Are you not feeling the economic recovery? This could be why.
Here’s an excerpt:
“The economy is, in a word, “lumpy.” It is strong in some regions, anemic in others. Strength by economic sector varies widely. There are myriad reasons for this: Some parts of the country were much harder hit by the real estate collapse; some sectors naturally rebound more quickly; some innovations lend themselves to more rapid growth.
The kind of recovery that you personally are experiencing is highly dependent upon many factors, but today I want to focus on three: education, market sector and geography. The data suggest these elements matter a great deal. Look closely, and you can see how your personal economic recovery is doing — and why.”
The column looks at the various ways elements impact your employment rates and wages. And, when no one was looking, I managed to slip in a Tom Brady joke.
Are you not feeling the economic recovery? This could be why.
Washington Post, May 17, 2015
From Torsten Slok: More and more clients bring up the Atlanta Fed’s real-time tracking estimate of GDP and it has become a benchmark for discussions of current quarter GDP after they did a great job capturing the low GDP number that came out for 2015Q1, see chart below. The average absolute forecast error since they…Read More
Fed-Driven U.S. Stock Advance Leaves Grantham Waiting for Bubble by David Wilson (Bloomberg) — Adjusting U.S. stock-market indicators for Federal Reserve policy since the 1980s shows a bubble has yet to come, according to Jeremy Grantham, Grantham, Mayo, Van Otterloo & Co.’s chief investment strategist. The attached chart highlights one gauge, Yale University Professor Robert…Read More
Barry here: I know Invictus personally for more than a decade. I also know he works at a shop that does not allow its staff to publish economic and data analysis outside of their formal imprimatur. I would not allow his work to be published here if I was not confident about his respect for data, his integrity…Read More
Every year, right after the April 15 tax deadline, the U.S. Census releases its data on the prior year’s state tax collections. It is a fascinating document, filled with great data points for tax and policy wonks. It reveals a good deal about the state of local economies, economic trends and results of specific policies. In…Read More
@TBPInvictus When pushing his tax cuts for Kansas in July 2012, Governor Sam Brownback wrote: “Our new pro-growth tax policy will be like a shot of adrenaline into the heart of the Kansas economy.” Art Laffer and Stephen Moore wrote that “many states like Kansas, Missouri, and Oklahoma are seriously considering abolishing their income taxes…Read More