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Joseph Kwak over at The Baseline Scenario has a nice explanation of how GDP is calculated, and what all those different growth rates you read in the paper mean. Of course, you could go to wikipedia for more wonk.
In: Bailout Employment Finance Interactive Source: USA Today US Economy
5 May 2009A nice presentation from USA today which shows salary, bonuses, stock options, other compensation. versus stock performance. Also allows you to filter by industry using the tabs at top. Related article.
Greed was calculated by comparing average incomes with the total number of inhabitants living beneath the poverty line. Envy was calculated using the total number of thefts – robbery, burglary, larceny and stolen cars. Wrath was calculated by comparing the total number of violent crimes – murder, assault and rape – reported to the FBI per capita. Lust was calculated by compiling the number of sexually transmitted diseases – HIV, AIDS, syphilis, chlamydia and gonorrhea – reported per capita. Gluttony was calculated by counting the number of fast food restaurants per capita. Sloth was calculated by comparing expenditures on arts, entertainment and recreation with the rate of employment. And pride, lastly, is most important. The root of all sins, in this study, is the aggregate of all data. Vought and his Kansas colleagues combined all data from the six other sins and averaged it into an overview of all evil.
Related article with more details. (I couldn’t find the original study "The Spatial Distribution of the Seven Deadly Sins within Nevada” from Kansas State University)
A WSJ article on Lawler’s criticism of Shiller’s data, and the difficulties coming up with good numbers. The chart below contrasts the two methods.
Not as detailed as say, the Wall Street Journals, but the simpler presentation allows a quick broswing.
From the Conference Board via NYT. “Unlike the more widely followed Index of Leading Indicators, which is supposed to help forecast changes in the economy, the coincident index is aimed at simply recording how the economy is doing now.”
The data’s slightly old, but its a really nice presentation. Click on the different data series in the upper right box to switch between them on the map and graph.
For those who want to do the math on this questions, here is a nice calculator from the New York Times. Of course, most economists think prices are going to keep dropping until late 2010.
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