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Rath on 03 March 2010
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NJ5 said:
Rath said:
@NJ5. I already did note that (see just below the graph) although consumer confidence has also rocketed up which is another indicator of recovery. Also I truly believe I am not exaggerating the inflation issue the worst offender is 2500% out at one point, most of them are at least 1000% out at the earliest point. It's just awful statistics.

Let me put it this way. The first four graphs show a horrible situation in government finances (even accounting for inflation, as I have shown before).

The other graphs show that consumption, exports and imports are crap as well, even if you account for inflation.

Now go ahead and say "awful statistics" again, but that doesn't change the fact that the graphs are valid and portray an accurate (but grim) reality. As Sqrl said, inflation does mitigate some of the observations you might make from the graph, but not all of them, and not the most important ones that I've referenced above.

 

It exaggerates the important ones, hugely.

 

Take the first graph for example, the dip in the late 1940's goes below zero, due to the stupid nature of the graph it is only about a tenth of the way below zero that it should be. That dip is actually much closer to the -200B mark when you take inflation into account.

 

 

Actually I'm sick of arguing, time for pretty pictures. These are the same graphs as before done in terms of percentage change. See how inflation had a massive influence now?

 

(No other options for TGDEF so couldn't make another graph)

 

 

 

I think these graphs get my point across far better than my words.