State by state change in economic activity
(hat tip ilene at Phil’s World) Lounsbury at Seekingalpha points us to another aspect of the nature of this recovery.
The Philadephia Fed provides statistics on Concident Indexes for March.
Relevant and even prescient commentary on news, politics and the economy.
Since I’m sure I won’t be the only one who wondered what the x-axis represents:
“The chart is organized from left to right by the change in economic activity in the last three months (February 2010 vs. November 2009). We don’t show the exact percentages on the horizontal axis to keep the chart from getting too messy. 28 out of 50 states were still falling in Feb 2010 vs. Nov 2009, but that is the secondary point of the chart.” (Vincent Fernando @ Business Insider)
Thanks Morbo. These chart of the day graphs constantly drive me crazy — don’t label axes, detail what data they’re graphing, etc. Feh.
Time to honor ND’s state bank again (http://motherjones.com/mojo/2009/03/how-nation%E2%80%99s-only-state-owned-bank-became-envy-wall-street)
Welcome Vincent. Guilty as noted. It was just a dinner conversation and drawn on a napkin? No investigation needed.
1) When is the IMF going to bailout California?
2) I was going to ask about the x-axis too, but I see that’s answered.
3) Red means negative, green means positive… right?
Cedric,
When is the IMF going to bailout California?
Since we have the majority contribution to the IMF, I’m not sure we would want that to happend. That’s like loaning money to yourself after going broke at the casino!
Um…Ok, so you give your money (borrowed) to someone else and they blow it on a different reservation? I guess the US Treasury is still the world’s best at borrowing short and cheap, and lending high and long. But still….
How ’bout…When is the IMF going to bail out Mexico, and finally send in NATO to secure the Mexican government?
Cedric,
How ’bout…When is the IMF going to bail out Mexico, and finally send in NATO to secure the Mexican government?
The day Rosie O’Donnel grows wings and gains altitude?
WV is downright scary.
I had been looking at land there, but, ouch.
I get it. When PIIGS fly.
But wouldn’t the IMF be broke by then? (exhausted it’s ability to borrow)
Carolannie:
I forgot ND has their own bank which releases them from the clurches of their southern neighbor. An easier way out of this is to give states the ability to have usury laws again. Of course, Congress would have to act in defiance of Wall Street and TBTF. It has shown no guts to do so as of yet.
Anyone read the subtitle? If you do, it becomes obvious what the chart is about.
Er, I’m not Vincent; I was merely indicating that he wrote everything within quotes. Sorry for the confusion.