Catharine Mulbrandon runs a consistently fascinating site, Visualizing Economics, where she takes complex economic data and presents them in graphicly enlightening ways. Here’s an example, depicting the slide of the U.S. economy into recessions as depicted by gradients representing different levels of state unemployment. It’s immediately apparent that there are strong regional differences, but a clear national trend. The high unemployment rates in areas where much of the home building excesses occurred (Florida, California, Nevada) at least superficially suggests that turning around housing will continue to be a tough slog. Be sure to check out her site.
A Picture is Worth a Thousand Words