Click to enlarge.
The record was last set in October of 1978. Unless someone is going to push the record to 1,000 mph soon, I think it is relatively safe to say that we've had an exponential trend failure here.
Water Speed Record
With an approximate fatality rate of 85% since 1940, the record is one of the sporting world's most hazardous competitions.
This post inspired by Craig M. Brandenburg's following comment found here.
It still amazes me how so many economic charts hint at the conclusion that the United States' prosperity peaked at around the same time as domestic oil production peaked.
Check out the following chart in support of the theory. It shows inflation adjusted average hourly earnings of production and nonsupervisory manufacturing employees (October 2012 dollars).
Click to enlarge.
As seen in the chart, real manufacturing pay peaked in December of 1978. That's within two months of the last water speed record. Go figure.
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