10 ms·

Nope [1] Lord grant me the confidence of a HN commentor talking about economics :/ [1] https://fred.stlouisfed.org/graph/?id=WTISPLC https://fred.stlouisfed.o

Nope [1] Lord grant me the confidence of a HN commentor talking about economics :/ [1] https://fred.stlouisfed.org/graph/?id=WTISPLC https://fred.stlouisfed.org/graph/?id=WTISPLC,

aaronblohowiak 6y ago
Is this graph in nominal price or inflation-adjusted price? It is not obvious from the source.
- weeksie 6y ago
  Jesus fucking Christ
  - aaronblohowiak 6y ago
    I asked a question to learn more, please be nicer.
    - weeksie 6y ago
      Extraordinary
- pdonis 6y ago
  Given what I found in the link I posted in response, I think the answer is "nominal".
pdonis 6y ago
Evidently my previous guess (in another exchange upthread) that the Fed data was adjusted for inflation was incorrect. Here's an inflation adjusted chart of crude oil prices: https://inflationdata.com/articles/charts/inflation-adjusted-oil-prices-chart/ https://inflationdata.com/articles/charts/inflation-adjusted... So, not "Nope". Also, crude oil is not all there is to "energy". Here are a couple of other charts: Electricity prices 1960-2011: https://www.eia.gov/totalenergy/data/annual/showtext.php?t=ptb0810 https://www.eia.gov/totalenergy/data/annual/showtext.php?t=p... I was somewhat off about the peak due to the "energy crisis", it was actually in 1983. Gasoline prices 1929-2015: https://www.energy.gov/eere/vehicles/fact-915-march-7-2016-average-historical-annual-gasoline-pump-price-1929-2015 https://www.energy.gov/eere/vehicles/fact-915-march-7-2016-a...
- weeksie 6y ago
  Still nope. What you’ve done is a very elaborate exercise in point missing, not that I’m surprised. Take a look at that chart again and do some thinking. There’s a reason for using nominal prices to illustrate what happened after the oil shock. The flat line that suddenly begins to jump around like a spastic house cat illustrates a very specific point. Anyway, I should know better than to engage with you people. This comment section is nothing if not predictable.

Nope [1] Lord grant me the confidence of a HN commentor talking about economics :/ [1] https://fred.stlouisfed.org/graph/?id=WTISPLC https://fred.stlouisfed.org/graph/?id=WTISPLC,

aaronblohowiak 6y ago

Is this graph in nominal price or inflation-adjusted price? It is not obvious from the source.

weeksie 6y ago
Jesus fucking Christ
- aaronblohowiak 6y ago
  I asked a question to learn more, please be nicer.
  - weeksie 6y ago
    Extraordinary
pdonis 6y ago
Given what I found in the link I posted in response, I think the answer is "nominal".

pdonis 6y ago

Evidently my previous guess (in another exchange upthread) that the Fed data was adjusted for inflation was incorrect. Here's an inflation adjusted chart of crude oil prices: https://inflationdata.com/articles/charts/inflation-adjusted-oil-prices-chart/ https://inflationdata.com/articles/charts/inflation-adjusted... So, not "Nope". Also, crude oil is not all there is to "energy". Here are a couple of other charts: Electricity prices 1960-2011: https://www.eia.gov/totalenergy/data/annual/showtext.php?t=ptb0810 https://www.eia.gov/totalenergy/data/annual/showtext.php?t=p... I was somewhat off about the peak due to the "energy crisis", it was actually in 1983. Gasoline prices 1929-2015: https://www.energy.gov/eere/vehicles/fact-915-march-7-2016-average-historical-annual-gasoline-pump-price-1929-2015 https://www.energy.gov/eere/vehicles/fact-915-march-7-2016-a...

weeksie 6y ago
Still nope. What you’ve done is a very elaborate exercise in point missing, not that I’m surprised. Take a look at that chart again and do some thinking. There’s a reason for using nominal prices to illustrate what happened after the oil shock. The flat line that suddenly begins to jump around like a spastic house cat illustrates a very specific point. Anyway, I should know better than to engage with you people. This comment section is nothing if not predictable.