How Legislation Killed the Community Bank

The total number of banking companies in the United States has significantly decreased in the past couple decades. At the same time, regulations on the industry have increased and legislations have become more complex. The compound effect has not been a broad drop across the sector, but rather a distinct decrease in small or single-office banks. As the government and …

Nobody Really Saw What Happened in The Super Bowl

Some things need to be put into perspective. The Super Bowl is small potatoes compared to other sporting events outside the United States. Super Bowl Sunday is an entire day dedicated to drinking, eating, and yelling at terrible play calls. There have been petitions to make the following Monday a national holiday (read: recovery day). It’s sports’ greatest day… according …

Thanks A Lot, Obama?

Mr. President is back in the nation’s good graces. Can his approval rating be tied solely to prices at the pump? This chart- with approval ratings from Gallup, over gas prices from the US Energy Information Administration, shows a strong correlation between the two data points. Be wary that the gas price axis, on the right, graphs higher prices towards …

2015 Big Mac Index

The Economist has updated their “Big Mac Index”. The index is a creative way of showing vales of goods and services across the globe. The study is performed annually and is intended to visually represent Purchasing Power Parity (PPP) – the idea that long run exchange rates will normalize towards equal prices for a like basket of goods and services. …

Home Spreads are Normalizing

It has been 6 years since the end of the Great Recession. During which, the economy has slowly recovered. In 2008 and 2009, houses were being sold out of necessity. We saw huge spreads between asking price and sales price. As the economy recovered, frictional costs lowered, and transactions came about for different reasons, the data shows the spread decreasing …

Crowdfunding

In 2014, there was a boom of what is called ‘Crowdfunding’. Using the power of the masses, individuals and start-ups harness the power of small donations in big quantities. When sites like Kickstarter began, there were questions and concerns. Why would people donate money to fund projects on the internet? How will it affect venture capitals? Then the idea took …