Sunday, February 27, 2011

Significant Difference


This graph...

THEIR GRAPH

looks a lot like this graph:

MY GRAPH

A bunch of wiggles on the left, then a point after which the line just takes off and goes up and up and up, and we just know it must be a bad thing.

Yeah...

But their graph is a projection. An estimate. A forecast, you know, like the weather forecast: probably wrong. My graph is a picture of something that actually happened.

Mine is a picture of the growth of private debt, and the stability of government debt.

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