Wednesday, February 25, 2009

Fun with charts

For absolutely goofy charts and lunatic data, no one does it better than the self-proclaimed Evil Conservative, Patrick Gibson. In this freakout post about inflation, “Inflation Starting -- Biggest Inflation Jump in Six Months,” Gibson blames the recently passed Stimulus Package. The Evil Conservative accurately quotes recent inflation statistics from a Yahoo Finance article but then rather suspiciously omits this key sentence: “Despite the big jump in wholesale prices in January, economists do not believe inflation is on the verge of becoming a problem, given the country's deep recession.”


For good measure, Gibson includes a horrifying chart of multinational inflation trends filled with colorful upswinging arcs. One big problem though: the most recent data featured in the chart is for 2005.


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