I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
Tuesday, December 25, 2012
Something to Feast Your Christmas Eyes On
Click to enlarge.
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?
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.
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.
"...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.
I had some time to kill while waiting for Christmas dinner to be served.
ReplyDeleteI 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.
ReplyDeleteLogistic Curve:
ReplyDelete"...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,
ReplyDeleteTurns 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,
ReplyDeleteIf you're in .gov and concentration becomes eroded, simply march in a crisis and, 'viola, problem solved.
Fiscal gliff! ;)