Back in the saddle after the Cubs World Series victory. I was actually able to go to a game (if needed I can post a story about that!). I thought we would come back to an issue that seems to get much play when I go on the radio. Unemployment in North Dakota is always a hot topic. Here is a county map of the different rates in the state.
Now that the Cubs won the World Series I can get on with my life and posting will resume shortly.
We talked a significant amount lately about bank performance ratios and the various sources for this data. I grabbed bank efficiency ratio data from the FDIC Statistics on Depository Institutions for 2016 Q2 and plotted it against the return on equity (ROE). I did remove any banks with efficiency ratios above one hundred because there were some significant outliers. Students will recall this is not my favorite ratio because it is a bit too arbitrary and I think the graph bears this out.
Bloomberg has a nice little piece about Cubs ticket prices going up after the game starts. This obviously goes a little bit against conventional wisdom as they demonstrate in the article. Well worth a read and of course, if conventional wisdom was going to break down, we know it would be the Cubs that make it so.
A student of mine, Richard Carpenter, has some interesting graphs and discussion of voting participation in the US compared to population on his blog. At various times in this election both candidates discussed the notion that they are brining new people to the voting booths, though I think we need to wait and see before declaring this some type of transformational election.