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NAFTA couldn't get us to 100%? Shocking! Shocking I tell you.
What Christmas would be complete without a feast, a chart, an exponential trend failure, some sarcasm, and a video?
Source Data:
St. Louis Fed: Custom Chart
Monday: New Home Sales
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Weekend:
• Schedule for Week of December 22, 2024
• Ten Economic Questions for 2025
Monday:
• At 8:30 AM ET,*Chicago Fed National Activity Index* for Novem...
5 hours ago
5 comments:
I had some time to kill while waiting for Christmas dinner to be served.
I figured it would take me about 5 minutes to find an interesting exponential trend failure. On the one hand, I didn't give myself much time. On the other hand, the economy generates so many of them, lol. Sigh.
Christmas Day gallows sarcasm for the win!
This post's chart looks like the beginning of the second half of a logistic curve, which I think of as “an exponential curve for the real world.” Turns out there's nothing wrong with our economy—we merely need to transfer it to a bigger petri dish.
Logistic Curve:
"...as saturation begins, the growth slows, and at maturity, growth stops."
Spot-on synopsis of the American version of a capitalistic system.
If our .gov would just settle for being handmaidens to markets we'd be okay. But they won't, they want so much more. Monopolies, Oligopolies.
The concentration of eCONomic power leads to undesireable results, limited supply, high prices, excessive profits. Technology and globalization were supposed to erode market power and concentration.
If you're in .gov and concentration becomes eroded, simply march in a crisis and, 'viola, problem solved.
Craig M. Brandenburg,
Turns out there's nothing wrong with our economy—we merely need to transfer it to a bigger petri dish.
Said one locust to another! ;)
Fritz_O,
If you're in .gov and concentration becomes eroded, simply march in a crisis and, 'viola, problem solved.
Fiscal gliff! ;)
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