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Hat tip naked capitalism

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet

by Melanchthon on Tue Mar 31st, 2009 at 07:22:08 AM EST
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The statistical illiteracy of contraryinvestor.com is illustrated by their decision to plot a "average for the period" where there is a clear trend.

The proper way to plot these data is probably on a single chart with Marchetti Curves.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Mar 31st, 2009 at 07:26:45 AM EST
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