Not sure how I didn’t see this before, but Google Finance now has a new(ish) feature called Google Domestic Trends. This is essentially Google Trends, but with the searched for keywords organized into useful concepts (i.e. retail, durable goods, automotive, etc.) and hooked into Google’s stock charts. This way a user can take [...]
Entries Tagged as 'Economics'
Google Finance’s new tool: Domestic Trends
March 10th, 2010 · No Comments · Economics, Financial Markets, Information Design, Product Development
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The Business Cycle Clock
March 2nd, 2010 · No Comments · Economics, Information Design
I came across this fascinating information visualization the other day, the OECD Business Cycle Clock.
It tracks four types of economic indicators and plots them as a time series. Play the animation and you can see how the economic indicators move through the four stages of the economic cycle: Expansion, Slowdown, Downturn, and Recovery.
But if [...]
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Taxing infographics
February 5th, 2010 · 1 Comment · Economics, Information Design, Prediction Markets
Visualizing Economics has been on something of a binge lately on tax related infographics. There is, of course, interesting stuff to be seen here (but perhaps not terribly new), about how the wealthiest Americans are paying out less of their income in taxes now than in years past.
Also of interest, for those [...]
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Joblessness. It’s bad, but it could be worse
January 30th, 2010 · No Comments · Economics
Nice referral from Economix about joblessness in this recession compared to past recessions. They point to the work of the Dallas Fed economists, but only include some of the charts. Here are all of the charts from the Dallas Fed:
If anything one senses the return of an old problem that has been hinted [...]
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Prediction markets for the Nobel in Economics
October 12th, 2009 · No Comments · Economics
The prediction markets for the Nobel Prize in Economics were not very predictive. The markets at InTrade were only open from Oct 9th to today, and do not appear to have generated a lot of volume … or any for that matter.
In addition, the winners were not even on the list of contracts you [...]
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Convenience fees equals “monopoly rent”
September 3rd, 2009 · No Comments · Economics, Market Definitions, Ticketing
I recently discovered NPR’s Planet Money and have been enjoying it enormously. This podcast in particular is quite good and discusses the economics of ticketing, something of interest to me.
One very nice thing about the podcast is that they take the time to define basic economic concepts, like monopoly (or economic) rent. [...]
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Recession is a time for reinvention
June 23rd, 2009 · No Comments · Economics, Product Markets
The NYTimes does a nice job of outlining how major retail chains are reinventing their business models during this recession.
For example, at Macy’s ….
Under the new system it will not be unusual for a local Macy’s to stock the merchandise customers request, be it wide-width shoes or Sean John suits, and for those [...]
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They are here! They are here!
May 5th, 2009 · No Comments · Economics, Product Development
Letting people know how popular you are is good business, particularly if you run a business that relies on the network effect for success. On the web, this means social networking sites, community collaboration sites, any sort of instant communication ap.
It’s so important that Skype even puts a number on their VOIP [...]
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Local currencies, where’s the downside …?
February 28th, 2009 · No Comments · Economics
The FT has an excellent story — Noted for trust — about local currencies, or currencies that are specific to a town or region. You find them here and there throughout the world. In the US you can find one in the Berkshires and another in Ithaca, NY.
Among the many benefits of local [...]
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Funny money slang
February 26th, 2009 · No Comments · Economics, Fun
You’ve heard of the terms sawbuck, quid, simoleon and the loonie for money — money slang is not new — but I’d never heard these before:
$100 = Boomer
20’s = Frogs
50’s = Hee Haw
10’s = Squat
When I asked my friend where he heard these, he said: we just made them up in college. [...]
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