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Thread: David Barboza: To See a Stock Market Bubble Bursting, Look at Shanghai
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[quote=APAULT,279475]"There are lies, damned lies, and statistics". A well known quote attributed to many different people. Leonardo, that graph is such an example statistics. It uses a technique popular with politicians and neewspapers. What is the baseline and what is the vertical and horizontal scales. the graph has been drawn as if it is rising from just above zero and thus a massive growth.. But if the base line is 6,000, and each hoizontal increment is 20 units, (which gives the top figure of about 6092), the rise is rather less dramatic at about 1.5% !!. Is the timespan, the horizontal axis, a year, a month or what... it makes quite a bit of difference how long that 1.5% is spread over![/quote]
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