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(NPR)   Put away the champagne, hide the blow, pay the hookers to leave. The DOW isn't at an all-time high when you adjust for inflation. Thank NPR for ruining our fun   (npr.org) divider line 111
    More: Followup, Dow Jones Industrial Average, Arithmetic precision, cost sharing, inflation  
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5455 clicks; posted to Main » on 06 Mar 2013 at 9:23 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-06 06:49:41 PM  

JohnBigBootay: Spare Me: It's an asset bubble getting ready to burst. Four years of Helicopter Ben's magic printing press. When Ben stops printing cash from thin air, buckle in.

Nice to see am radio isn't dead yet.

So what's different about this guy's printing press to all the other guys going back to at least Reagan?


Nothing. Devaluing the dollar is always a dangerous game. Economic forces will always win. What does make it somewhat different now is we are just about the end of the road with close to 17 trillion in debt. This trajectory is headed for a train wreck.
 
2013-03-06 07:06:56 PM  

KiwDaWabbit: The DIJA is an indicator of how the economy is doing much like the BMI is an indicator of how obese you are.


BMI and the DJIA are indicators, nothing more, nothing less, but congratulations on getting a secondary topic going.
 
2013-03-06 08:06:02 PM  

max_pooper: Everyone that I have ever heard complain about how BMI is a terrible metric for determining ideal weight because it doesn't take muscle mass into account has been a big, flabby sphere of goo. For every body builder with low body fat with a "severely obese" BMI there are probably 10,000 couch potatoes of equal BMI who get wheezy just biatching about BMI.


Let me know if you need me to explain why this is the dumbest thing I've read all day.
 
2013-03-06 08:25:26 PM  

bigdanc: max_pooper: Everyone that I have ever heard complain about how BMI is a terrible metric for determining ideal weight because it doesn't take muscle mass into account has been a big, flabby sphere of goo. For every body builder with low body fat with a "severely obese" BMI there are probably 10,000 couch potatoes of equal BMI who get wheezy just biatching about BMI.

Let me know if you need me to explain why this is the dumbest thing I've read all day.


Go ahead and explain. I can't wait to hear.

Why am I not surprised somebody with "big" in the fark handle doesn't understand how BMI works?
 
2013-03-06 10:30:11 PM  

Hobodeluxe: Thunderpipes: 11% unemployment, family incomes down, growth barely in the positive, exploding debt, but good thing the stock market is good this month.

Can't wait for the next crash.

Austerity and spending cuts have consequences. At least the GOP got what they wanted.


We have austerity?  We borrow 40% of every dollar we spend and reducing the rate of growth of our debt by 1.2% is seen as drastic, draconian and arbitrary.

The last 5 years are proof positive that stimulus doesn't work.  We're spending borrowed paper.  That doesn't last forever.
 
2013-03-07 10:50:44 AM  

czetie: Half Right: czetie: somedude210: Half Right: somedude210: sewnandsilent: ModernLuddite: I put all my money in the Dao Tao.

Damn it.
ftfy

both are acceptable spellings. Dao is old Chinese?

Spelling it "Tao" is still used because it's so universally recognized. It got grandfathered in.
It has always been pronounced "Dao" however, and "Dao" is the modern spelling.

ah, thought it was the reverse and Dao was old-school, Tao was the new hotness

I though that either was acceptable because it's transliterated, and the actual sound in Chinese is somewhere between a "d" and a "t" that has no exact equivalent sound in English, like the way the folks at the local Chinese restaurant pronounce "Tsingtao" beer. Sure, there are "standardized" ways to represent transliterations, but it's kind of a stretch to say that one or other is "correct".

ObTrivia: In The Seven Pillars, T.E. Lawrence shows his disdain for the various schemes for transliterating Arabic by deliberately spelling Arabic proper names in a variety of different ways. His editor was not amused.

While transliterations are always somewhat controversial (since politics inevitably become involved), the actual pronunciations are pretty well established in this case. Tao is an older Wade-Giles transliteration, whereas Dao is the  Pinyin transliteration. They're both pronounced the same, though-- "T" in W-G is pronounced like a "d" ("T+apostrophe" is the "t" sound). But despite the pronunciation being established, the written spelling is an ongoing point of contention.

Here's a really fascinating paper on the linguistic and philological origins of "Tao" (PDF) (fun fact: Tao has linguistic connections with Slavic terms for "way, track")

/BA in East Asian Studies, senior thesis on the future of character-based writing in China

I learned something interesting. Damn you, Fark!


Apparently the cycle continues. You give factual information on fark and karma repays you handsomely.
 
2013-03-07 08:25:59 PM  

The Irresponsible Captain: I wonder when we'll figure it out.
/Not really, they never will.
//They'll try to retire the dime soon.


Should really be already done. The half cent was discontinued when it was worth $.12 today.
 
2013-03-07 08:31:38 PM  

fickenchucker: This story is representative of why I gave up on traditional mass media 15 years ago.  Local and national news channels screaming "THE DOW HIT NEW RECORDS!!!11!!1!!" is an incomplete story.  Gas prices, Dow numbers, and much of life, needs to be put in perspective of inflation, as I have always taught my kids.

"OH MY GOD--GAS IS EXPENSIVE!11!11!!!!!"--Yes it has risen lately, but historically it was almost as high years ago, dipped in the '80s and '90s, and rose again.  So pegging the price perception to its lowest era feels worse than understanding the long-term behavior.

Same with government spending charts that aren't adjusted for inflation or spending per capita.  Are we spending too much per capita, or has tax revenue per capita fallen?  If we get accurate historical data, then we can scream at each other.


It costs me half a day's pay to fill my tank, as a skilled tradesman.

As an apprentice, the same amount of gas cost me three hour's pay.

But gas hasn't gone up according to inflation, right?
 
2013-03-07 08:34:50 PM  

o5iiawah: Hobodeluxe: Thunderpipes: 11% unemployment, family incomes down, growth barely in the positive, exploding debt, but good thing the stock market is good this month.

Can't wait for the next crash.

Austerity and spending cuts have consequences. At least the GOP got what they wanted.

We have austerity?  We borrow 40% of every dollar we spend and reducing the rate of growth of our debt by 1.2% is seen as drastic, draconian and arbitrary.

The last 5 years are proof positive that stimulus doesn't work.  We're spending borrowed paper.  That doesn't last forever.


So when do we start eating rich people?
 
2013-03-07 09:12:56 PM  

Goimir: fickenchucker: This story is representative of why I gave up on traditional mass media 15 years ago.  Local and national news channels screaming "THE DOW HIT NEW RECORDS!!!11!!1!!" is an incomplete story.  Gas prices, Dow numbers, and much of life, needs to be put in perspective of inflation, as I have always taught my kids.

"OH MY GOD--GAS IS EXPENSIVE!11!11!!!!!"--Yes it has risen lately, but historically it was almost as high years ago, dipped in the '80s and '90s, and rose again.  So pegging the price perception to its lowest era feels worse than understanding the long-term behavior.

Same with government spending charts that aren't adjusted for inflation or spending per capita.  Are we spending too much per capita, or has tax revenue per capita fallen?  If we get accurate historical data, then we can scream at each other.

It costs me half a day's pay to fill my tank, as a skilled tradesman.

As an apprentice, the same amount of gas cost me three hour's pay.

But gas hasn't gone up according to inflation, right?


Well your wages certainly haven't.
 
2013-03-08 08:12:08 AM  

Goimir: Yes it has risen lately,


Learn to read, dickhole.

And get a better job.  It costs me 1.5 hours to fill my tank.

/Could this be another instance of incomplete information, though?  What car do you drive?  What car do I drive?  Is it a motorcycle and my job sucks?
 
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