Tag: economics
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Short and Long Term
One week ago today, President Trump touted soaring stock prices as an indicator of a roaring economy. In truth, stock market prices are not that. They are driven by fundamentals, such as GDP growth, wage increases, and inflation. Furthermore stock prices can be fickle and volatile. Whereas a recession does not begin overnight, the factors…
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The World Grows On (Part III)
A few days ago I posted about the front cover graphic for the New York Times that used a choropleth to explore 2017 economic growth. Well, this morning whilst looking for something else, I came across the online version of the story. And I thought it would be neat to compare the two. Again, nothing…
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State of the Union Data
Well there was a lot to poke and prod at in last night’s State of the Union. So over the next couple of days I will be looking at some of the data. I wanted to start with something I could look at over breakfast—unemployment rate data. President Trump claimed unemployment rates are at the…
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Phillip’s Curves are Flatlining
I’ve worked on a few scatter plots of late and so this piece from the Economist grabbed my attention. It examines the correlation between unemployment rates and inflation rates. Broadly speaking, the theory has been that low unemployment rates lead to high inflation rates. But the United States has had low unemployment rates now for…