Using Google Search to Measure Unemployment

So, this is cool. As reported in the Freakonomics blog, Google has a feature that allows users to correlate public patterns with search term usage. You supply data, such as initial unemployment claims, and Google will evaluate which search phrases best correlate with the data provided. Justin Wolfers reports,

I fed in the weekly . . . → Read More: Using Google Search to Measure Unemployment

Siddharth Rajeev: Bullish on Small-Cap Commodities

Siddharth “Sid” Rajeev isn’t a miner. But in his search for value, Sid, head of research for Fundamental Research Corp. in Vancouver, digs deep into the world of small- and micro-cap stocks to find undiscovered gems. In this exclusive interview with The Energy Report, Sid drills down on some relatively unknown resource stocks . . . → Read More: Siddharth Rajeev: Bullish on Small-Cap Commodities

What's a decimal point worth?

Not new, but from Zillow and via Calculated Risk is a table of negative equity in the largest real estate markets in the US.

Phoenix: 68% of all mortgages are ‘under water’ calculated as the percentage of single family homes with mortgages where the equity value less than current market value.

Pittsburgh: 6.8%.

The disparity . . . → Read More: What’s a decimal point worth?

Recruiting the right MD for the IMF

The recruitment of the IMF MD has turned into quite a controversy. For an interesting set of views, see this page on the website of The Economist. In a remarkable development, the EDs of India, China, Russia, Brazil and South Africa came out with a clear joint statement on the silliness that is afoot.

. . . → Read More: Recruiting the right MD for the IMF

Economic Events on May 27, 2011

At 8:30 AM EDT, the monthly Personal Income and Outlays report for April will be released. The consensus for Personal Income is an increase of 0.4% over the previous month and the consensus Consumer Spending index change is an increase of 0.4%.

At 9:55 AM EDT, Consumer Sentiment for the second half of May . . . → Read More: Economic Events on May 27, 2011