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Old 01-01-2018, 05:33 PM
 
Location: Pyongjang
5,701 posts, read 3,231,723 times
Reputation: 3925

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Quote:
Originally Posted by James Bond 007 View Post
Did you take a full look at your own map? Kansas, Nebraska, South Dakota and Montana are all conservative states and they are all doing worse than California.
I guess you'll just conveniently ignore Kentucky, Utah, and West Virginia that are doing phenomenally well. Liberals seem to have a massive aversion to acknowledging North Dakota and it's greatness.
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Old 01-01-2018, 05:33 PM
 
Location: Kansas City, MISSOURI
20,888 posts, read 9,592,503 times
Reputation: 15633
Quote:
Originally Posted by mightleavenyc View Post
That's just a wonky liberal economics blog.
If you actually read just the first paragraph you'd learn that it has nothing to do with liberal economics blog:

"The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for November 2017"

The data is from the Federal Reserve Bank of Philadelphia.

Let me repeat: The data is from the Federal Reserve Bank of Philadelphia.

He provided a link to the data in case you don't believe him and can check it out for yourself.
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Old 01-01-2018, 05:33 PM
 
Location: Arizona
6,137 posts, read 3,876,233 times
Reputation: 4900
Quote:
Originally Posted by James Bond 007 View Post
I am sorry to inform you, but the Dakotas and Wyoming are actually doing poorly in recent months:
Calculated Risk: Philly Fed: State Coincident Indexes increased in 35 states in November
Unemployment rates and rankings for North Dakota metro areas.

Fargo, ND-MN Metropolitan Statistical Area
1.6 3
Grand Forks, ND-MN Metropolitan Statistical Area
1.7 4
Bismarck, ND Metropolitan Statistical Area
1.8 5

Out of well over 300 metropolitan areas, they are #3,#4,#5 respectively.

The big increases in oil and natural gas prices will be great for North Dakota and Wyoming. Lots of corporate severance tax money floods the state so they can have big increases in education, universities and services for the disabled and senior-citizens.

It is fantastic to see Texas booming economically because they voted for President Trump. I also think it is great because Texas offers working-class and middle-class an excellent quality of life.

It sure would be interesting if 2018 offers moderately high energy prices which are great for the heartland with a combination of adverse weather conditions in South America or parts of Europe which would send commodity prices up.
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Old 01-01-2018, 05:35 PM
 
Location: Kansas City, MISSOURI
20,888 posts, read 9,592,503 times
Reputation: 15633
Quote:
Originally Posted by mightleavenyc View Post
I guess you'll just conveniently ignore Kentucky, Utah, and West Virginia that are doing phenomenally well. Liberals seem to have a massive aversion to acknowledging North Dakota and it's greatness.
Since you seem to like year old stuff ...

Six of the eight top oil-pumping states hit recession

"America's economy is looking solid overall these days, but depressed prices for domestic oil production tipped six of the eight biggest oil-pumping states into recession last year, according to a new report.

As oil prices dipped as low as $27 a barrel at one point early last year before recovering, recession came to Alaska, Louisiana, New Mexico, North Dakota, Oklahoma and Wyoming, according to the S&P Global Ratings report."


Every single one of the states in that list are red states.
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Old 01-01-2018, 05:37 PM
 
Location: Pyongjang
5,701 posts, read 3,231,723 times
Reputation: 3925
Quote:
Originally Posted by lovecrowds View Post
Unemployment rates and rankings for North Dakota metro areas.

Fargo, ND-MN Metropolitan Statistical Area
1.6 3
Grand Forks, ND-MN Metropolitan Statistical Area
1.7 4
Bismarck, ND Metropolitan Statistical Area
1.8 5

Out of well over 300 metropolitan areas, they are #3,#4,#5 respectively.

The big increases in oil and natural gas prices will be great for North Dakota and Wyoming. Lots of corporate severance tax money floods the state so they can have big increases in education, universities and services for the disabled and senior-citizens.

It is fantastic to see Texas booming economically because they voted for President Trump. I also think it is great because Texas offers working-class and middle-class an excellent quality of life.

It sure would be interesting if 2018 offers moderately high energy prices which are great for the heartland with a combination of adverse weather conditions in South America or parts of Europe which would send commodity prices up.
Thanks. Much more meaningful than some liberal "coincident index"
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Old 01-01-2018, 05:39 PM
 
Location: Arizona
6,137 posts, read 3,876,233 times
Reputation: 4900
Quote:
Originally Posted by mightleavenyc View Post
I guess you'll just conveniently ignore Kentucky, Utah, and West Virginia that are doing phenomenally well. Liberals seem to have a massive aversion to acknowledging North Dakota and it's greatness.
North Dakota and Wyoming also spend like crazy, while having very, very, very low taxes on their citizens.

President Trump has massive, massive landslides in these states so they deserve a big, big economic boom. Despite being one of the most brilliant real estate businessman and owners of all time, he knows what rural America needs. In this case it was to do with away with worthless and stupid environmental regulation that Barack Obama signed to punish those states for voting Republican.

Liberal Democratic California has a tiny, tiny state government that spends very little per-capita on schools, colleges, health-care for it's citizens compared to North Dakota and Wyoming.

Unlike liberal states, North Dakota and Wyoming don't have the pension issues either. So when the money rushes in they can spend it on lowering the already personalized classrooms, spending big on universities and pouring more money into healthcare. All this with rock-bottom taxes.

States like California during the biggest economic boom since the gold rush still have issues because the tax increases just go to unions, retirees who haven't worked in years or decades, health-care for retirees.

State and Local General Expenditures, Per Capita | Tax Policy Center

Even during the rock-bottom commodity, natural has and oil prices in 2015 they were spending much, much more than liberal Caliornia per-capita on each citizens even with their tiny tax bills.

Wyoming has no income tax and North Dakota has 1 to 2% income taxes for most residents.

Very, very low property taxes in both.

Very, very low sales taxes. Instead, of 10 cents on the dollar like some of the major cities in liberal California it is more like 6 or 7 cents in most places.

Last edited by lovecrowds; 01-01-2018 at 05:48 PM..
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Old 01-01-2018, 05:39 PM
 
Location: Kansas City, MISSOURI
20,888 posts, read 9,592,503 times
Reputation: 15633
Quote:
Originally Posted by mightleavenyc View Post
Thanks. Much more meaningful than some liberal "coincident index"
The Federal Reserve Bank of Philadelphia is not some liberal coincident index.

It's pretty sad that some people have to willfully ignore information that's presented before them in order to hold their illusion.
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Old 01-01-2018, 05:41 PM
 
Location: Pyongjang
5,701 posts, read 3,231,723 times
Reputation: 3925
Quote:
Originally Posted by James Bond 007 View Post
The Federal Reserve Bank of Philadelphia is not some liberal coincident index.

It's pretty sad that some people have to willfully ignore information that's presented before them in order to hold their illusion.
Haven't seen you address the unemployment rates posted above.
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Old 01-01-2018, 05:45 PM
 
Location: Kansas City, MISSOURI
20,888 posts, read 9,592,503 times
Reputation: 15633
Quote:
Originally Posted by mightleavenyc View Post
Haven't seen you address the unemployment rates posted above.
The unemployment rates in North Dakota and Wyoming are low because not many people want to live there. The climates in those places are filtering out erstwhile job-seekers who don't like the cold weather. You're trying to take credit for an economic phenomenon that is really a climate phenomenon. The unemployment rate in ND has pretty much ALWAYS been low (or at least, for a long while) because even in hard times there are labor shortages up there. And there are labor shortages because they have a hard time recruiting people due to the cold weather.
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Old 01-01-2018, 05:45 PM
 
5,315 posts, read 2,121,352 times
Reputation: 2572
Quote:
Originally Posted by mightleavenyc View Post
Haven't seen you address the unemployment rates posted above.
Was there a link for those I missed? Be interesting to see all of the data....
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