Click to enlarge.
I know what you are thinking. Okay, sure. That's definitely a peak. It can't be the ultimate peak though. Our population is growing and the future is so bright I gotta wear shades!
Not so fast. Let's put that same data on a log chart. On a log chart, constant exponential growth is seen as a straight line.
Click to enlarge.
That's not straight. It's curving exactly like a baseball in flight would, and when I say exactly I mean with an r-squared of 0.995.
Click to enlarge.
If the 80+ year long-term trend continues, only the wealthiest among us will be flying in planes someday. How's that for a kick to the long-term prosperity gonads? It isn't just flying either. Driving looks mighty suspect as well. Just doing my part to add some perspective! Sigh.
Despair.com: Perspective
Less is more. Unless you're standing next to the one with more. Then less just looks pathetic.
This post inspired by Rob Dawg who pointed me to a whole new world of FRED quantity indices (in the comments found here).
Source Data:
St. Louis Fed: Public Air Transportation
St. Louis Fed: Public Air Transportation (Natural Log)
Did you know you could start your own Transportation Services right now? There are twelve different types of Transportation Services I would be love to explain but because of time, I would be explaining only a few. Each of these transportation services can be your very own business if you take the right approach.
BalasHapus