Political Volatility – November 2010

The results of yesterday’s elections further solidify the trend of increasing political volatility.  Survey results indicate that much of this volatility has been driven by widespread dissatisfaction concerning the economic situation. While this volatility has been recognized, many of its implications have lacked recognition. On January 25, 2010 I wrote a post titled “Political Volatility.” …

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Recession Measures – Updated

On April 21 I wrote a post titled “Recession Measures – Two Charts.” That post referenced an April 12  CalculatedRisk blog post titled “Recession Measures.” In it, Bill discussed key measures that the NBER uses to determine recoveries, and posted four charts. Here are those charts, updated in his October 29 post.  The charts are …

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4 Confidence Charts – October 2010

Here are four charts reflecting confidence survey readings.  These are from the SentimenTrader.com site. I find these charts valuable as they provide a long-term history of each survey, which is rare. Each survey chart is plotted in blue, below the S&P500: (click on each chart to enlarge image) Conference Board Consumer Confidence, last updated 9-28-10: …

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Disturbing Charts (Update 2), Part II

As a continuation of the last post, here are three other charts that I find disturbing in nature. These charts raise a lot of questions.  Many of these questions I have discussed in the blog, as I believe they are very significant in nature.  Additionally, these charts should highlight the “atypical” nature of our economic …

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Disturbing Charts (Update 2), Part 1

In the next two posts, I am going to display various charts that I find disturbing.   These charts would be disturbing at any point in the economic cycle; that they depict such a tenuous situation now – 15 months after the official (as per the 9-20-10 NBER announcement) June 2009 end of the recession – …

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Total Household Net Worth As A Percent Of GDP 2Q 2010

The following chart is from the CalculatedRisk Blog of September 18, 2010.  It depicts Total Household Net Worth as a Percent of GDP.  The underlying data is from The Federal Reserve Flow of Funds 2Q 2010 report: (click on chart to enlarge image) As seen in the above-referenced CalculatedRisk blog post: “According to the Fed, …

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Real Median Household Income & Poverty Measures

As seen in the recently (September 16) released “Income, Poverty, and Health Insurance Coverage in the United States, 2009” (pdf) from the U.S. Census Bureau, Real Median Household Income was $49,777 in 2009, as seen on page 6.  On page 14, the Poverty Rate is seen at 14.3%, encompassing 43.6 million people. As seen on …

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Christina Romer’s September 1 Speech

On September 1, Christina Romer gave a speech titled “Not My Father’s Recession:  The Extraordinary Challenges and Policy Responses of the First Twenty Months of the Obama Administration.” (pdf) The main reason I highlight this report is for reference purposes, as I may comment upon it in the future. As those familiar with this blog …

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State Budget Deficits

On Monday The Wall Street Journal had an Op-ed by Steve Malanga titled “How States Hide Their Budget Deficits.” Of particular interest is this excerpt: “Last week, however, the Securities and Exchange Commission (SEC) filed fraud charges against New Jersey for misrepresenting its financial obligations, particularly its pension obligations, and misleading investors in its bonds. …

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