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I find it fascinating that just a couple of slides have data for this year. Should this financial mess be a "surprise" at all? Just the chart of home values s

I find it fascinating that just a couple of slides have data for this year. Should this financial mess be a "surprise" at all? Just the chart of home values should have been a clue: http://www.1stmillionat33.com/posts/06-09-12/house_his.gif http://www.1stmillionat33.com/posts/06-09-12/house_his.gif

SwellJoe 18y ago
While that graph is interesting (and I've seen it referenced a number of times in a number of places), I've always found the scale misleading. Almost the whole bottom of it (0-50) is chopped off...so what looks like a logarithmic leap, is really merely doubling. While doubling is dramatic, and certainly a sign of something amiss (either tremendous inflation, or something else that is distorting value), it's not the astronomical rise the chart feels like when you first see it.