Courtesy of Heisenburg, well, this is a trend graph that fuels nightmares.
CraigM
4060
I hate that graph. The dual Y label and non zero base point? rage!
Makes it look like in 2010 the middle/ upper middle class owned more stock than the rich.
Anyone who makes a graph like that makes me immediately suspicious that there is some other bullshit about their data (e.g., the definition of “held” or “stock”). The choice of July 1st each year as the data point is also weird and makes me think there might be something up with that, too.
That’s part of the nightmare; only the 1% can afford to make readable graphs these days.
(also the graph leaves out people in the 91-99th percentile, as well people in the 0-50th percentile.)
CraigM
4063
The 0-50% has never meaningfully held any stocks, so are in the 0-1% range. Basically all remainder would be the 90-99%
probably a financial reporting year thing?
Yeah, looking at that chart makes me involuntarily twitch. I get the July 1st bit, but the rest can DIAF.
I assume stacked bar plots were too expensive and they had to deploy the double Y axis strategy.
Is this really so hard? [Format your data to % per traunch for the above data.]
I think you’re mistaking the intent, here. Pretty sure they intended for the graph to be misleading.
Stacked plots are worse, man.
The intention of the graph is to point out that individual ownership of your own investments is not really relevant to the market. There’s a lot of reasons and a lot of consequences that can be discussed, but it would be pretty hard to argue that the free market punishing stocks for whatever by the rational agent doesn’t exist anymore; it’s mostly millionaires playing with each other. No matter how you look at it.
IMO.
Seems like unions and organized strikes work.
Have a cereal shortage due to supplies and strikes, have government give extra money to parents with kids who consume all the cereals, increase prices on stuff kids eat by 20%.
ShivaX
4070
Cereal is already so overpriced that I barely buy it as it is.
I mean mass market cereals are basically junk food.
When you are confronted with this sort of ignorance, is it okay for the reporter just to slap them?
Then the teacher should slap them.
I assume the mascot of the Wharton School is the Insufferable Twat?
(also my punk band name, so you are not allowed to steal it!)
