US Economy Archive:

Housing prices trends don’t look the same if you adjust for inflation.

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On a side note, the designer of the above, Catherine Mulbrandon over at Visualizing Economics, has a kickstarter campaign to fund production of a new publication on US Income. She does great work and I recommend you donate, if so inclined.

One of my favorite economic dashboards. It highlights major macro indicators, what direction they are trending, and what the typical ranges are. It also lets you drill down to explanations of why you should care, and historical values.

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Karl Hartig was creating beautiful complex data visualizations back when most of us “graphics experts” were still trying to figure out how to change colors in excel.  Here is a selection of his work on population, electronics, energy, stocks, immigration, politics, and music. Soak it up!

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Despite media spin, the United States is a long way from getting all of the bailout money back. (via Ritholtz)

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I’m just posting this into the chart rolodex in case I ever have a need for it. Long time series can be a surprisingly big pain in the ass to pull together. Case in point: I had never seen the site MeasuringWorth before (which is where this data came from). Nice!

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Projections of when China’s GDP will be bigger than the USA’s, based on several different growth rates. There’s also an interactive version.

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“Eight charts that explain everything that’s wrong with America”, from Mother Jones. (Thanks to Matt Brown for the link!)

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How America compares to other industrial countries based on a variety of basic indicators (income inequality, life expectancy, education) as well as some uncommon ones (prison population, level of democracy, and “wellbeing”). Conclusion: America is not #1! Can anyone think of indicators that WOULD make us look good in this crowd?

heat table of advanced countries performace on a variety of indicators

Sure, inflation in January was only 1.6%:

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but there’s a lot of variation in the products that make up the CPI (butter was up 19.6% y-y, for example), which this tool from the WSJ lets you explore:

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Want to know how the CPI weights all of these goods? Check out this oldie but goodie:

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Consumer debt is down, though nobody knows whether that’s a sign of changing consumer habits or changing banker habits. (related article)

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There’s a lot of attention on the national debt, but states are in even deeper trouble. In part because investors don’t trust them to get their act together, resulting in lower ratings and higher borrowing costs. The below clickable map lets you view debt levels and interest rate spreads by state.

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And while we’re talking about state fiscal policies, here’s a beautiful representation of the Massachusetts 2011 budget:

I have realized, after numerous conversations about politics and economics, that many people haven’t grasped that the economy doesn’t work the same way it did when they were growing up. As a commenter on The Big Picture said:

The role of a healthy financial sector is to support the “real economy”. But now it’s the opposite, like the tail wagging the dog.

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Type in the year you were born and see how the average incomes and the prices of houses, coffee, steak, electricity, and gasoline have changed. These kinds of broad comparisons are always statistically weak (a house how big? what job? etc) but it’s still kind of entertaining. (via The Big Picture)

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If you want to know the state of the US economy at any time, check out the below visualizations from Russell Investments and the AP. They are both updated monthly with the latest data, allow all kinds of drilling down, and both take the time to document sources and explain why you should give a shit about these particular numbers (for example, click on any of the “historical details” links on Russell’s dashboard).

economic indicators dashboardAP economic stress index

I’ve tried to avoid posting most of the trite “end of the year” infographics, but this one from the Atlantic comparing today to before the recession is interesting. (via)

Charts about a variety of pre and post recession indicators