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(Some Guy) Fail Here, let me explain to you how the economy isn't really recovering with this series of increasingly nonsensical and uninterpretable graphs (accomplishment unlocked: Tears of Tufte)   (minyanville.com) divider line 82
More: Fail, economic recovery, fiat currency, factory orders, capital structure, durable goods, commercial real estate, devaluations, quantitative easing  
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3048 clicks; posted to Politics » on 17 Feb 2012 at 7:12 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



82 Comments   (+0 »)
   
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2012-02-17 12:37:20 AM
Subby, I don't know who you are, but I'mma buy you a beer for making me laugh so hard with Tears of Tufte. Brilliant.
 
2012-02-17 01:21:39 AM
It's easy to see once you harmonize the statistical quarks
 
2012-02-17 02:04:45 AM
Since this comes from minyanville.com, you probably need at least 10 Jewish men to make sense of it.
 
2012-02-17 03:32:48 AM
Well done, Subby.
 
2012-02-17 03:51:44 AM
Bagelox-99: Since this comes from minyanville.com, you probably need at least 10 Jewish men to make sense of it.

I neeeeed a jeeew (new window)
 
2012-02-17 04:46:52 AM
Tears of Tufte.

That is quite awesome, congratulations subby.

But let's be clear, Tufte acts like he is the leader of clear visual communications and the fighter of bad ppts but, in reality, his communications ar quite beautiful but not easy to read or clear at all.
 
2012-02-17 07:16:03 AM
I have no idea what's going on in this thread.
 
2012-02-17 07:18:12 AM
Ah. So that's what they mean when they say a person's brain is "full of f**k".
 
2012-02-17 07:19:42 AM
Jobless Recovery?
 
2012-02-17 07:23:57 AM
You're telling me the Bush Recovery is a myth?
 
2012-02-17 07:35:43 AM
EnviroDude: Jobless Recovery?

That's right. And we're still in recession. How observant of you.
 
2012-02-17 07:39:08 AM
Every time I would teach students powerpoint design with Tufte, I would have to sit through hours of boring poorly designed powerpoints. We would agree as a class what makes certain powerpoints suck then they would make those same mistakes anyways. I too have experienced the tears of Tufte.
 
2012-02-17 07:45:00 AM
What the fark did I just read?
 
2012-02-17 07:46:28 AM
keylock71: What the fark did I just read?

economics....with bad powerpoint slides
 
2012-02-17 07:47:17 AM
Laugh if you like, but a LOT of us wake up in the morning and the first thing we wonder is, "What is the trade-weighted dollar index, today?"...
 
2012-02-17 07:53:54 AM
masercot: Laugh if you like, but a LOT of us wake up in the morning and the first thing we wonder is, "What is the trade-weighted dollar index, today?"...

i do occasionally.
/part-time currency trader
 
2012-02-17 07:58:42 AM
NewportBarGuy: EnviroDude: Jobless Recovery?

That's right. And we're still in recession. How observant of you.


The recession ended in the summer of 2009. What hasn't come back are the millions of jobs that were lost between 2007 and present date. So, what are you going to do? Attack the messenger? Blame Bush? Or hold the current occupier accountable?
 
2012-02-17 07:59:10 AM
Wyalt Derp: You're telling me the Bush Recovery is a myth?

Of course it's a myth. There was never anything to recover from!

Stop listening to the libtard talking points that the economy tanked under Bush! LIES! All of it!
 
2012-02-17 07:59:36 AM
For future reference, when you read an article by a guy whose uses the phrase "fiat money" over and over in place of "money", it's better to close the window and go back to scrolling for hot chicks.
 
2012-02-17 08:02:22 AM
TL;DR;WTF
 
2012-02-17 08:04:14 AM
EnviroDude: NewportBarGuy: EnviroDude: Jobless Recovery?

That's right. And we're still in recession. How observant of you.

The recession ended in the summer of 2009. What hasn't come back are the millions of jobs that were lost between 2007 and present date. So, what are you going to do? Attack the messenger? Blame Bush? Or hold the current occupier accountable?


But you guys always tell us people are unemployed because they are stupid and lazy. Which is it? Why all the concern now?
 
2012-02-17 08:04:48 AM
In before the, "it makes perfect sense to me; maybe you should just stick to your coloring books, Subby," crowd.
 
2012-02-17 08:06:37 AM
I love this: if a Democrat states that America is not going in exactly the right direction, he or she is attacked for not believing in "American exceptionalism." But the Republican playbook for the 2012 election seems to be mostly about saying "Well, yeah, it probably feels to you like things are going better now, but trust us, this country is going straight down the shiatter."
 
2012-02-17 08:08:47 AM
i.imgur.com

"I'm not saying it's fiat money...

but it's fiat money."
 
2012-02-17 08:16:02 AM
Jake Havechek: But you guys always tell us people are unemployed because they are stupid and lazy. Which is it? Why all the concern now?

So, see, its because the current occupier (sic) is supporting the stupid and lazy by providing them unemployment checks.
 
2012-02-17 08:20:08 AM
Maybe a certain random farker can add these charts to his nonsensical wall of random bits of texts he uses to question if there is a recovery.

Then again, maybe theyre the same person...
 
2012-02-17 08:21:14 AM
The GOP has already abandoned the idea that they'll compete on the economy, and are pushing social "issues" now.
 
2012-02-17 08:22:05 AM
As someone who's fairly ignorant of economic theory; why is it that whenever someone mentions Austrian economics you can pretty much guarantee they're a nutbar?

I mean, going by the wikipedia entry, it looks like a fairly straightforward and sensible-sounding theory. The only thing that gives me pause is the disdain they apparently have for empirical data. Why do the nuts flock to it?
 
2012-02-17 08:24:10 AM
image.minyanville.com

THEREFORE NOBAMA.
 
2012-02-17 08:26:35 AM
Alphax: I have no idea what's going on in this thread.

Tufte's a guy who writes about graphs (new window)
 
2012-02-17 08:28:41 AM
RminusQ: [image.minyanville.com image 640x450]

THEREFORE NOBAMA.


I just recovered from a seizure after looking at that graph. Where's the Dilantin?
 
2012-02-17 08:30:43 AM
Gunther: As someone who's fairly ignorant of economic theory; why is it that whenever someone mentions Austrian economics you can pretty much guarantee they're a nutbar?

I mean, going by the wikipedia entry, it looks like a fairly straightforward and sensible-sounding theory. The only thing that gives me pause is the disdain they apparently have for empirical data. Why do the nuts flock to it?


i think you answered your own question.
 
2012-02-17 08:30:48 AM
 
2012-02-17 08:34:21 AM
RminusQ: [image.minyanville.com image 640x450]

THEREFORE NOBAMA.


Holy hell, you're right. I can definitely see that the last 12 years have seen practically no warming worldwide at all.
 
2012-02-17 08:35:41 AM
Note there is a difference between:

Tufte tears and tears of Tufte

/No idea what I'm talking about
 
2012-02-17 08:37:08 AM
canyoneer: This is all so complex.

(Reuters) - The high oil price could "strangle" efforts to get the global economy back on its feet and may also hamper Asia's ability to help the West exit its crisis, the International Energy Agency's chief economist said on Thursday.

The IEA's Fatih Birol said the world economy was in a more fragile state now than during the crisis of 2008-2009, when oil prices were lower.

"I believe oil prices are well-positioned today to strangle the economic recovery efforts," he told Reuters on the sidelines of a seminar with the U.N. nuclear agency in Vienna. (new window)


Oil prices : Economic recovery :: Glenn Beck : girl in 1990
 
2012-02-17 08:37:48 AM
Those aren't that bad. I know folks prefer those to column bar graphs labeled "Paradise" and "Sucks" whenever anything close to politics is discussed.

But it could be worse:

blog.duarte.com
 
2012-02-17 08:38:07 AM
Askani: Every time I would teach students powerpoint design with Tufte, I would have to sit through hours of boring poorly designed powerpoints. We would agree as a class what makes certain powerpoints suck then they would make those same mistakes anyways. I too have experienced the tears of Tufte.

all I need is for each powerpoint to have (printed at the bottle of each slide): X/N where X = current slide and N = the total number of slides.

Then I can a decide whether to hold out or just slit my wrists immediately.
 
2012-02-17 08:40:34 AM
i.imgur.com
 
2012-02-17 08:41:34 AM
Sun Worshiping Dog Launcher: RminusQ: [image.minyanville.com image 640x450]

THEREFORE NOBAMA.

Holy hell, you're right. I can definitely see that the last 12 years have seen practically no warming worldwide at all.


Except on the QE2, but that's out in Kalifornia so it's probably getting warmed up by all the Socialism and the hot gay butt sex.
 
2012-02-17 08:43:07 AM
heap: Gunther: As someone who's fairly ignorant of economic theory; why is it that whenever someone mentions Austrian economics you can pretty much guarantee they're a nutbar?

I mean, going by the wikipedia entry, it looks like a fairly straightforward and sensible-sounding theory. The only thing that gives me pause is the disdain they apparently have for empirical data. Why do the nuts flock to it?

i think you answered your own question.


That and the creepy way they seem to cheer for economic collapse.
 
2012-02-17 08:44:14 AM
Wheres the "How Sarah Palin actually won the election in 2004" graph?
 
2012-02-17 08:44:18 AM
FTA: "We at my website hear..."

lmfao - this is so bad
 
2012-02-17 08:52:04 AM
Jokes aside, the guy does have a point. The numbers are encouraging, but the problems still exist. We have dealt with symptoms, but not the real problem--that is a lot of toxic debt and slashed savings for a lot of the nation. While there has been a bounce up, we are still in the midst of a cycle, and cheering doesn't actually fix the real problem.

In part, we dismantled the very mechanisms that limited the boom-bust cycles that typified the American economy for much of its history. We did limited it so that we wouldn't have such gyres in markets. We put up protections to prevent exactly this sort of gaming of the system, and some folks were just not pleased that they couldn't play with that much risk and reward, so we took off the gloves and said, "Let's doooooo this!" and lo, we watched the system do exactly what the new design was supposed to do: allow for a looting of a lot of folks, and then a collapse that could be covered up, and now we're left with a vacuum, that our markets and consumers had to cover, and put us further in the hole as a nation to try to clean up. Until we face actually putting those market protections back up, and get serious on actual enforcement, we are sort of weathering a storm, and no matter of cheering is going to affect those aspects of the financial landscape.

It wasn't by mistake that this mess happened. It was very much by design. Folks figured that it wouldn't be quite so bad, that no one would take it so far, and then no one figured that the government would bail out quite so deep, but by that time, they had the bull by the tail, and no one was going to be so stoopid as to let go, so we're still riding this thing. Yes, the bull is tired now, but we've still got our mitts firmly on that tail, and hoping he doesn't go for another charge through the streets, but at some point we have to get the sucker back in the corral, rather than just letting it wander the streets.

Our Dear Author doesn't do us a lot of favors in this article, but he does have a point that goes beyond NOBAMA! in that we have to address the real issues, not just the symptoms.
 
2012-02-17 08:53:50 AM
Where do you unlock accomplishments? Your Xbocks 359?
 
2012-02-17 08:54:00 AM
Based on my personal experiences I'd say the economy is indeed improving, which is a double edged sword because your gas is about to get more expensive which will drive up all the prices of goods and services.
 
2012-02-17 08:59:14 AM
Headso: Based on my personal experiences I'd say the economy is indeed improving, which is a double edged sword because your gas is about to get more expensive which will drive up all the prices of goods and services.

I'm of a fan of the 'new normal' theory. Things hasn't been too bad for a couple years now -- it's just people are getting used to the idea that the endless bullishness of the 90s and 2000s that gave us "Dow 30,000" was a load of nonsense.

If we get unemployment down to 6% or so, we'll be in good shape, but sub 4% isnt' coming back.
 
2012-02-17 09:02:50 AM
in other words - this is how bad it is
the economy starts with food (no food = no economy)
the needs of the food producers is generally provided by someone overseas whether it be electronics, heavy equipment clothes etc

so as far as the food producers are concerned
what do they need us for??
 
2012-02-17 09:08:17 AM
Gunther: As someone who's fairly ignorant of economic theory; why is it that whenever someone mentions Austrian economics you can pretty much guarantee they're a nutbar?

I mean, going by the wikipedia entry, it looks like a fairly straightforward and sensible-sounding theory. The only thing that gives me pause is the disdain they apparently have for empirical data. Why do the nuts flock to it?


That should give you tremendous pause.

Plenty of things *sound* straightforward and sensible... until you bring those pesky "numbers" and "facts" into the mix. Austrian Economists tend to skip that inconvenience and stick to their theories. Ho hum people are complicated, let's just kind of deductively reason what large systems of humans working together under established economic policy might do. No assumptions! Except those that we make in this process. After which we shall immediately and systematically forget these assumptions were made!

It's a school of thought that's conducive to reinforcing preconceived notions about how the world works. And this is why it gets ridiculed as "not helping".

No school claims to have solved the problem. Austrians claim that the problem is unsolvable.
 
2012-02-17 09:08:27 AM
Tears of Tufte, I love that I'm a geek enough to get that. +1 subby.
 
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