extreme poverty economic trends

Extreme poverty dropping rapidly around the world

Eric Garland DataLab

Good news from Oxford researcher Max Roser, who lightly chided the news media to frame a headline that could suggest that more than 100,000 people left extreme poverty yesterday alone.   Newspapers could have had the headline “Number of people in extreme poverty fell by 137,000 since yesterday” Every day in the last 25 years. pic.twitter.com/oKxco1oVHL — Max Roser (@MaxCRoser) …

Retail Spending Trend United States

Retail spending in the United States continues to increase, 1992-2017

Eric Garland DataLab

Courtesy of Calculated Risk, fine purveyors of macroeconomic data charts, we have the 25 year trend for retail spending in the United States. Retail is shifting in myriad other ways other than total spending, but the quarter-century trend is an incremental, constant increase. Not pictured: the bifurcation of “Dollar Stores” and luxury “experience” retail, consolidation of big box “category killers,” …

US housing starts 2017

New housing starts in the United States, 2008-2017

Eric Garland DataLab

Further to the trends in high confidence by homebuilders, check out these trends in single- and multiple-unit housing starts. There’s no question – the US housing sector is at pre-2008-crisis levels in terms of new housing starts. The questions we have are about whether the fundamentals that blew up the housing market in 2008 have been repeated. We know that US …