Harder to get large % changes when your dealing wi

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Red States, Blue States: Two Economies, One Nation

By Joachim Klement, CFA

The American Human Development Index (AHDI) allows for a state-by-state assessment of critical factors like income, education, and health. When we calculated the average AHDI for the red states — those won by Donald Trump — it was much lower than the average AHDI for blue states.

In fact, by way of international comparisons, the blue states won by Hillary Clinton have a human development index similar to the Netherlands, while the red states have an AHDI that resembles Russia’s.

LOL, how fucking appropriate is THAT?!


Red and blue states vary so much in their economic trajectories that they may as well be two distinct countries within the United States.

First, blue states have enjoyed higher economic growth rates on average than red states since the Great Recession. Since the mid-2000s, the business cycle of blue states has increasingly diverged from that of their red counterparts.

The average disparity in GDP growth between red states and blue states has hovered around 3.5% since the recession ended. For comparison, a previous study of 20 developed nations found an average GDP convergence among them of only 1.75%.

Differences in GDP growth also lead to differences in household income and household consumption — i.e., in living standards. Luckily, there are several transfer mechanisms that mitigate these gaps in GDP growth so that consumption shortfalls in red states amount to only about one-fifth of the growth deficits.

https://blogs.cfainstitute.org/investor/2018/...ne-nation/

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