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Archive for the ‘Economics’ Category

Retail Gas Prices Plummet

Sunday, November 30th, 2014 Leave a comment

The average retail price of regular unleaded gas this week is $2.82. As noted by the Wonkblog, gas hasn’t been this cheap for Thanksgiving week since the first year of the Obama administration.

Wonkblog_retailgasprices

Source: Wonkblog

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A Closer Look at Unemployment

Saturday, May 24th, 2014 Leave a comment

From The Big Picture:

The states with the highest unemployment rate are Nevada (8 percent) and Rhode Island (8.3 percent). Nevada was hit especially hard by the housing collapse and Rhode Island has been fighting a loss of manufacturing industries, fishing and tourism woes, high taxes and a state government some observers have described as corrupt. Illinois comes in third (7.9 percent) — its deficit issues and pension headaches are well known — and California is fourth (7.8 percent).

 

TBP_National Unemployment

Source: BLS

To Whom Does the U.S. Government Owe Money?

Sunday, April 27th, 2014 Leave a comment

On Tax Day 2014, the U.S. federal government owed its lenders over $17.577 trillion. Here is a breakdown of the U.S’s biggest creditors:

 

Political Calculations_Tax-Day-2014-To-Whom-Does-US-Govt-Owe-Money

 

Source: Political Calculations

Moneybeat’s Quarterly Quota (1Q 2014)

Wednesday, April 2nd, 2014 Leave a comment

WSJ_MoneyBeat_OG-AB071_Moneyb_G_20140331214003

 

Source: WSJ (Moneybeat)

Currencies of Natural Resource Exporters Under Pressure

Saturday, January 25th, 2014 Leave a comment

Some of the largest natural resource exporters with floating exchange rates have seen their currencies come under significant pressure over the past year. The currency selloff was triggered, in part, by a decline in demand for natural resources and news of slower economic expansion in China.

 

CreditWritedowns_currency performance

 

Source: Credit Writedowns

States With No Income/Wage Tax

Sunday, January 19th, 2014 Leave a comment

It is hardly disputed that most people want to keep as much of their income as they can. Based on that premise, here is a list of states where one can legally avoid paying state income/wage taxes. Good luck if you decide to move!

  • Alaska (no sales tax either)
  • Florida
  • Nevada
  • South Dakota
  • Texas
  • Washington
  • Wyoming (no corporate income tax either)
  • New Hampshire (does not tax wage income but does tax residents’ dividend and interest income)
  • Tennessee (does not tax wage income but does tax residents’ dividend and interest income)

 

Source: Bankrate

Health Exchanges See Rush of Last-Minute Shoppers

Saturday, December 28th, 2013 1 comment

The chart below (via WSJ) shows the influx of shoppers since Nov. 30 in the 14 states running their own health exchanges.

 

WSJ_NA-BZ416_HEALTH_G_20131225170604

 

Source: WSJ