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This is the most depressing chart in the world

businessinsider.com

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Re: This is the most depressing chart in the world

#3
I have very little understanding about economics but I always am scared of large GDP growth because it seems like that is when we go into recession due to bubbles. 1980s led to the recession of the early 1990s. The mid 1990s growth became the 2007-2009 "Great Recession." So this shows growth and it is steady so I don't find this depressing.

edited one word

Re: This is the most depressing chart in the world

#5
post #3

I have very little understanding about economics but I always am scared of large GDP growth because it seems like that is when we go into recession due to bubbles. 1980s led to the recession of the early 1990s. The mid 1990s growth became the 2007-2009 "Great Recession." So this shows growth and it is steady so I don't find this depressing. edited one word

The problem is that slow, steady growth cannot support capitalism. In order to convince investors to risk their money, the economy must promise a more handsome return on their investment. That's why it's "bad news" when the economy "only" grows by 1-2% per year.

Re: This is the most depressing chart in the world

#7
post #2

It is depressing due to the Y-axis not starting on zero.

>It is depressing due to the Y-axis not starting on zero

It depends on what the focus of the data is. In this case the emphasis is on the difference between the series', not their relative distance from zero. So there's nothing wrong with truncating the axis, particularly on a line chart; why have a bunch of white-space at the bottom?

Context is everything.

Re: This is the most depressing chart in the world

#8
post #4

THIS is the most depressing chart in the world: https://stormglas.files.wordpress.com/2013/11/20131116-00180...

This of course boldly assumes that human kind is the main source of carbon emissions, and as boldly assumes that Earth can't really have all this carbon in atmosphere.

Re: This is the most depressing chart in the world

#10
post #8
post #4

THIS is the most depressing chart in the world: https://stormglas.files.wordpress.com/2013/11/20131116-00180...

This of course boldly assumes that human kind is the main source of carbon emissions, and as boldly assumes that Earth can't really have all this carbon in atmosphere.

Well, if the first assumption doesn’t hold, we’ll have to restrict our usage even more. Short of dimming the sun, I don’t see how you can keep “all this carbon in atmosphere” and still only get 2°C.
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