[RD] Daily Graphs and Charts

[anyoldguy]

EDIT: Monsterzuma, are those charts for the world or for the United States?

"In economics, the Great Moderation refers to a reduction in the volatility of business cycle fluctuations starting in the mid-1980s, believed to have been caused by institutional and structural changes in developed nations in the later part of the twentieth century. Sometime during the mid-1980s major economic variables such as real gross domestic product growth, industrial production, monthly payroll employment and the unemployment rate began to decline in volatility." — Wikipedia

 

[Monsterzuma]

USA, I'm pretty sure.

 

[Cutlass]

Spoiler :

 

[Hygro]

Worst state for business lmfao. We have the most thriving business culture in the whole country.

 

[Whomp]

I had to look that one up too. Seems to be regulatory and tax driven. The next four worst states are New York, Illinois, Massachusetts and New Jersey. Meanwhile, businesses are staying in those states.

The Florida one is comical...darn snow birds.


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[TheLastOne36]

Florida's should be "Most cases of Florida-Man"

 

[Cutlass]

Connecticut isn't that great for business. But apparently didn't rate. Very high housing costs make it make sense as a bad place to retire.

 

[KMRblue1027]

I'm quite proud that the worst thing they could think of for NJ was highest property taxes. I quite enjoy the benefits of a well funded police force and education system, thank you very much.

 

[peter grimes]

So you're in Camden, then?

I was surprised to see that Maine has the lowest standard of living. How does that compare against lowest median income and highest poverty rate?

 

[Tahuti]

I was surprised to see that Maine has the lowest standard of living. How does that compare against lowest median income and highest poverty rate?

My first guess would be basic statistical misreading (which is very pervasive, don't beat yourself over it!) as there might be less superrich in Maine and thus the standard of living statistically 'declines', even though it is still boasts one of the highest for practical purposes.

 

[Cutlass]

The cost of living in Maine is fairly high, though not amongst the 10 highest.

http://www.missourieconomy.org/images/indicators/cost_of_living/col4q13_map2.jpg

http://www.missourieconomy.org/indicators/cost_of_living/index.stm

And then a median income which is also not the bottom but well below average.

Most of Maine is rural, and lacks good jobs.

And the median population age by state, Maine is the oldest state.
http://usatoday30.usatoday.com/news/nation/census/median-age-by-state.htm
Which means a higher portion of retired.

So added up, all the factors, it's believable.

 

[luiz]

Yeah I would have guessed Mississippi, but Maine is definitely believable.

 

[Cutlass]

This would be a good set for Whomp to chime in on. Russia's economic forecasts and fundamentals do not look good for Russia to renew the Cold War.

Spoiler :

http://www.businessinsider.com/the-truth-about-russias-economy-2014-3

 

[Tee Kay]

Well Russia's economy wasn't good to start the Cold War in the first place and that didn't stop them.

 

[Whomp]

I think that the most likely situation will be limited to an already announced targeted asset freezes and travel restrictions, but for an extended list of officials. Even though these sanctions could yield some pressure on Russian decision-makers, I see very limited macro implications to a already slow economy. Horrible ending is better than endless horror?


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[Cutlass]

Well Russia's economy wasn't good to start the Cold War in the first place and that didn't stop them.

The Soviet economy grew rapidly through the 1960s. But that was the transitional phase from an agricultural economy to an industrial one. It ran out of steam in the 1970s due to the structural failures of the system. But for the core of the Cold War they had some ability to delude themselves that they really would accomplish the economic might to match the West.

Putin's Russia's situation is much worse. To start off with, they've half the population of the USSR. And so lost all of that economic output. Then they've lost all of the Warsaw Pact, which the West has gained. And then they mishandled the transition to capitalist market economics, which has cost them a lot of wealth as well.

So now they're trying to be a superpower on a regional power's economy. And without allies.

 

[Godwynn]

Relevant

 

[Monsterzuma]

the russian stock market does look amazingly cheap atm P/E ratio wise.

 

[Monsterzuma]

http://www.businessinsider.com/jobs-at-risk-of-being-replaced-by-robots-2014-3

automated lawyers

prescient.

 

[Cutlass]