Announcement
Collapse
No announcement yet.
Thread for obviously newsworthy stuff
Collapse
X
-
Apolyton's Grim Reaper 2008, 2010 & 2011
RIP lest we forget... SG (2) and LaFayette -- Civ2 Succession Games Brothers-in-Arms
-
Standard Right-wing Site.
QUESTIONABLE SOURCE A questionable source exhibits one or more of the following: extreme bias, consistent promotion of propaganda/conspiracies, poor or no
i prefer these sites
I am not delusional! Now if you'll excuse me, i'm gonna go dance with the purple wombat who's playing show-tunes in my coffee cup!
Rules are like Egg's. They're fun when thrown out the window!
Difference is irrelevant when dosage is higher than recommended!
Comment
-
Naw, the source of my "frustration" is Kid not making his point.
Nobody computes wage growth on a long-term (defined as being over 1 year) scale using nominal figures, otherwise we would be looking back fondly at the wage growth of the Carter era, which has the single largest month-to-month growth rate of 13.5% in January, 1979.
Wages in the United States increased 5.77 percent in February of 2024 over the same month in the previous year. This page provides the latest reported value for - United States Wages and Salaries Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
For anyone who actually lived in that era, you can see why nominal rates are unusable.
Comment
-
That's the spam filter that randomly blocks anything but spam.
Meanwhile some people wonder why wonders why no-one takes Gary Johnson seriously..
I am not delusional! Now if you'll excuse me, i'm gonna go dance with the purple wombat who's playing show-tunes in my coffee cup!
Rules are like Egg's. They're fun when thrown out the window!
Difference is irrelevant when dosage is higher than recommended!
Comment
-
Originally posted by -Jrabbit View PostPosted to reduce JohnT's frustrations. Graph source:
https://finance.townhall.com/columni...ncome-n2514803
The link should show what Kid thinks (or rather, has been told) the graph means.
1. "The nominal rate of year over year growth for median household income has reached 5.6% in July 2018, which ranks fifth for the monthly data we have going back to January 2001. The inflation-adjusted year-over-year growth rate of median household income was also up for July 2018."
A. I mean... the adjusted rate growth and the nominal rate growth will vary little when you're measuring the baseline month. A y-to-y rate will have a bit of a change, of course, but not much.
B. Note that the writer made the distinction that the y2y nominal growth rate was 5th since 2001, but somehow "forgot" to provide a similar analysis for the adjusted rate in the very next sentence.
2. "U.S. median household income is setting new monthly records in both nominal and real terms."
A. This sentence is designed specifically for moron consumption (Hi, Kid!). Given that July 2018 is the baseline month, if July 2018 sets a record in nominal dollars, it will also set a record in real dollars as well. Brilliant analysis, that!
3. "In July 2018, it is also now seeing some of its fastest-on-record nominal year-over-year growth rates. Our second chart shows that data from January 2001 through July 2018."
Well, yes, possibly.
A. Would need to see the numbers before you can actually make that claim, but I will assume the author isn't a liar, just biased.
B. Why "biased"? Because he (assuming) cherry-picked the date range. Had he gone back to, as shown above, the 1970s, July 2018 would be quite middlin'. But he chose one of the least inflationary periods in American economic history and shouted "success!"... and still had to rely on nominal numbers to make his point.
Also, this, from Kid:
4. " So you don't care to tell us why you don't seem to understand why Median HH income decreased in 2001?"
Because it didn't. Look again:
Looks like wages grew in 2001, dropped a bit in 2002 (look at that inflation spike in Q1, 2002!), remained flat for the rest of the year, then started growing again (nominally, but not adjusted) in 2003.
So, are you sure you know how to read a chart?
Comment
-
Originally posted by JohnT View Post
Gotta say, that article makes some very basic mistakes:
1. "The nominal rate of year over year growth for median household income has reached 5.6% in July 2018, which ranks fifth for the monthly data we have going back to January 2001. The inflation-adjusted year-over-year growth rate of median household income was also up for July 2018."
A. I mean... the adjusted rate growth and the nominal rate growth will vary little when you're measuring the baseline month. A y-to-y rate will have a bit of a change, of course, but not much.
B. Note that the writer made the distinction that the y2y nominal growth rate was 5th since 2001, but somehow "forgot" to provide a similar analysis for the adjusted rate in the very next sentence.
2. "U.S. median household income is setting new monthly records in both nominal and real terms."
A. This sentence is designed specifically for moron consumption (Hi, Kid!). Given that July 2018 is the baseline month, if July 2018 sets a record in nominal dollars, it will also set a record in real dollars as well. Brilliant analysis, that!
3. "In July 2018, it is also now seeing some of its fastest-on-record nominal year-over-year growth rates. Our second chart shows that data from January 2001 through July 2018."
Well, yes, possibly.
A. Would need to see the numbers before you can actually make that claim, but I will assume the author isn't a liar, just biased.
B. Why "biased"? Because he (assuming) cherry-picked the date range. Had he gone back to, as shown above, the 1970s, July 2018 would be quite middlin'. But he chose one of the least inflationary periods in American economic history and shouted "success!"... and still had to rely on nominal numbers to make his point.
Also, this, from Kid:
4. " So you don't care to tell us why you don't seem to understand why Median HH income decreased in 2001?"
Because it didn't. Look again:
Looks like wages grew in 2001, dropped a bit in 2002 (look at that inflation spike in Q1, 2002!), remained flat for the rest of the year, then started growing again (nominally, but not adjusted) in 2003.
So, are you sure you know how to read a chart?I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
Comment
-
Originally posted by Kidicious View PostGood night! It's a graph! This isn't hard. It's just a representation of facts!
Your mental disorders are really in control right now, aren't they? Take your pills, gramps.
Comment
-
Insulin's High Cost Leads To Lethal Rationing
Diabetic ketoacidosis is a terrible way to die. It's what happens when you don't have enough insulin. Your blood sugar gets so high that your blood becomes highly acidic, your cells dehydrate, and your body stops functioning.
Diabetic ketoacidosis is how Nicole Smith-Holt lost her son. Three days before his payday. Because he couldn't afford his insulin.
"It shouldn't have happened," Smith-Holt says looking at her son's death certificate on her dining room table in Richfield, Minn. "That cause of death of diabetic ketoacidosis should have never happened."Alec Raeshawn Smith was 23 when diagnosed with Type 1 diabetes and 26 when he died. He couldn't afford $1,300 per month for his insulin and other diabetes supplies, so he tried to stretch the doses.
I am not delusional! Now if you'll excuse me, i'm gonna go dance with the purple wombat who's playing show-tunes in my coffee cup!
Rules are like Egg's. They're fun when thrown out the window!
Difference is irrelevant when dosage is higher than recommended!
Comment
-
Originally posted by Broken_Erika View PostI drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
Comment
-
Originally posted by Kidicious View PostRand Paul says that lie detector tests should be used to find the deep state operative that wrote the NYT op-ed.
Mike Pence is VP.
Deep state operative lmao. What a moron like you.For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)
Comment
-
Originally posted by Kidicious View Post
Do you know that fixing the price lower creates more of a shortage?For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)
Comment
Comment