University of Texas at Austin

Archive for April 19th, 2010

Monday, April 19, 2010

Profiting from IMBYs (people who Invest in My Back Yard)

Alok Kumar, finance professor

Alok Kumar, finance professor

The recession has been felt across the country, but some places have suffered more than others.

For example, Michigan’s 14.7 percent unemployment rate was the highest in the nation in March 2010. At 7.4 percent, Minnesota’s unemployment rate was high for the Land of 10,000 Lakes but still half of Michigan’s (click here for 10-year comparison).

Identifying those most-pained places could help investors make money, according to research from Alok Kumar, an assistant professor in the Department of Finance in the
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