Chart usGOLD   Chart usSILVER  
 
Food for thought
Those who understand interest - collect it. Those who don't understand interest - pay it
.  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1294.08-0.58
Silver 19.630.01
Platinum 1404.500.00
Palladium 794.900.90
WORLD MARKETS
DOWJONES 16409-16
NASDAQ 40969
NIKKEI 1451699
ASX 544532
CAC 40 443226
DAX 941092
HUI 220-2
XAU 90-1
CURRENCIES (€)
AUS $ 1.4802
CAN $ 1.5214
US $ 1.3810
GBP (£) 0.8222
Sw Fr 1.2199
YEN 141.4400
CURRENCIES ($)
AUS $ 1.0724
CAN $ 1.1022
Euro 0.7241
GBP (£) 0.5957
Sw Fr 0.8831
YEN 102.3800
RATIOS & INDEXES
Gold / Silver65.92
Gold / Oil12.37
Dowjones / Gold12.68
COMMODITIES
Copper 3.040.02
WTI Oil 104.590.83
Nat. Gas 4.740.21
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Loan Modification Data: Information in Need of a Pie Chart
Published : February 19th, 2011
192 words - Reading time : less than a minute
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   Government |

 

 

 

 

I’ve got nothing against horizontally stacked (?) bar charts with only one group of data such as the results of the U.S. government’s loan modification program portrayed in this story at ProPublica (spotted at Barry’s Big Picture blog). But in my view, this was a dataset that was just crying out for a pie chart.

 

 

There’s really not much that needs to be added to the graphic above, that is, aside from the fact that those 35% who made it through to “permanent” status have a freakishly high median back-end debt-to-income ratio of over 60%, making the use of the word “permanent” to describe their status premature at best.

 

For those new to this story, HAMP (Home Affordable Modification Program) was much more of a bank rescue program than one for homeowners since most people who entered the trial couldn’t make it through to permanent status and, for those who did, the odds of surviving such an onerous debt load for more than a year or two are not good. The banks, however, were able to stretch out the entire process, delaying the realization of even bigger losses.

 

Tim Iacono

Iacono Research.com

 

 

 

 

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Tim Iacono
All articles by
Tim Iacono
Next article by
Tim Iacono
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Tim Iacono

Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
Tim Iacono ArchiveWebsiteSubscribe to his services
Most recent articles by Tim Iacono
4/18/2014
4/18/2014
4/18/2014
4/17/2014
4/17/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer