Posts filed under “Economy”

The One Chart That Explains Democrats’ Loss

The elections are over. The pundits will spend the next few months dissecting the candidates and the campaigns. The Republican Party ran a strong campaign with attractive candidates, while the Democrats did neither. Voter turnout was low, which often gives an advantage to Republicans.

Then there is the economy.

The Democrats seem to have forgotten about that. We didn’t hear much about the slow but steady improvement during the past six years. President Barack Obama and the Democrats could have pointed to a number of economic accomplishments: Unemployment has declined to less than 6 percent; the economy grew at a 3.5 percent rate in the latest quarter; gasoline is less than $3 a gallon; the annual federal budget deficit has been cut in half.

None of that got much airplay. There is an argument to be made that it wouldn’t have mattered much anyway. A reader sent in the following chart. It shows the ratio between income and liability for households.

It is heading in the wrong way. The data show that median income relative to debt is falling. In other words, people are falling further behind.

Continues here

 

 

Category: Economy, Politics

October Car Sales

Source: NY Times

Category: Consumer Spending, Digital Media, Economy

Economic Indicators Dashboard

Source: Russell Investments

Category: Data Analysis, Economy, Markets

CFR: A Conversation With Alan Greenspan

Alan Greenspan discusses current trends in the global economy and his solutions for addressing the financial crisis.

The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.

Category: Economy, Federal Reserve, Really, really bad calls, Video

Economics Advances One Funeral at a Time . . .

Quantitative easing over. It is a good occasion to consider what we know about central bank intervention, when it is appropriate and when it isn’t. We have a century of broad and deep central bank history and data upon which to make our assessment. Yet we seem to ignore much of what has been learned…Read More

Category: Economy, Politics, Really, really bad calls, Taxes and Policy

US Metropolitan Economies Compared to Equivalent Nations

click for larger graphic Source: McKinsey h/t Know More     About 1.5 billion people, or 22 percent of the world’s population, lives in 600 cities. They account for an outsized portion of global wealth. According to a new report by McKinsey & Co.: Half of global GDP in 2007 came from 380 cities in…Read More

Category: Data Analysis, Economy

Emerging Market Maker

Neat little interactive tool to play with some aspects of overseas investing by comparing emerging markets across key metrics:   Click for an interactive graphic. Source: BlackRock

Category: Data Analysis, Digital Media, Economy, Investing

Eurozone’s Economic Woes Deepen

Source: WSJ

Category: Digital Media, Economy, Markets

A Tale of Two Economies — It Was the Better of Times, It Was the Worst of Times Paul L. Kasriel October 18, 2014     A Tale of Two Economies – It Was the Better of Times, It Was the Worst of Times As quantitative easing comes to an end (apparently) by the Fed…Read More

Category: Credit, Economy, Think Tank

End of OPEC = Golden Swan

Could the Dissolution of OPEC Become a Golden Swan? Fifty-four years of inflated energy prices may be coming to an end. Doug Kass Real Money Pro, October 8, 2014 | 7:31 AM EDT     We all know that I’m bearish. To me (at the current time), this is a stock market with no memory,…Read More

Category: Economy, Energy