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Me? Personally?
I like the "Map of Misery" showing just which states had the greatest appetite for exotic, neg. am loan products (now noted by the Foreclosre Pulse "Heat Map"). Funny how closely the two seem to correlate?
sfbubblebuyer
@
2007 Jul 11, 5:49am
I like CR's MEW chart. It shows a pretty clear picture of Greenspan 'dodging the recession bullet' with the housing bubble, but also shows that they have no clear way to keep the GDP looking healthy just yet. I suspect they hoped the bubble would have lasted longer, but inflated a touch more slowly, so that the underlying economy would have been strong enough to slowly deflate the bubble.
The ARM reset chart - I remember being disappointed after seeing that. Yes, lot of subprime loans are going to reset soon (or happening as we speak), but the process lasts for 5 more years for other loans. The prime and Alt-A are important from BA point of view and they don't reset en masse for at least another year.
I was also surprised to see that Option ARM resets don't really start till 2009. I thought they were the most vulnerable.
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We all know that a picture is worth a thousand words, and I believe this is also true of charts and graphs. A well designed chart has a way of conveying dense economic and statistical information in a visually pleasing way that even your most innumerate FB can understand. A good chart can also pack in an extraordinary amount of data plotted along multiple variables in a very small space that can have an immediate gut-punch impact that no amount of dry exposition can duplicate.
And let's face it, how many ADD-afflicted Uh-merikans are going to listen to you rant on about the bubble-blowing Fed, Yen carry-trade, mortgaged-backed securities, or MLS cartel for the minimum 2-3 hours it would take you to explain them all? Good charts are your best ally in educating the clueless or confronting the REIC Kool-aid stormtroopers.
The following are some that I believe should be part of every Patrick.netter's Bubble-battling toolkit. I recommend downloading these, and possibly even keeping hard copies at hand, for whenever the need to counter REIC bullshit comes up (which is probably fairly often).
Of course, we all know about the famous Shiller housing price chart:
Or the Credit-Suisse ARM reset chart:
Other strong contenders include:
Businessweek's "Map of Misery":
Calculated Risk's home inventory chart (sorry, can link to but not display chart for some reason)
Calculated Risk's MEW chart:
ForeclosurePulse's U.S. foreclosures "heatmap":
CalculatedRisk's MEW as % of total U.S. GDP chart:
PrudentBear's home Equity as % of market value:
How about a whole boat-load of RE related charts from Credit-Suisse?
What are some of your favorites?
HARM
#housing