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Saturday, May 31, 2014

"New"

I like the FRED Blog. They present little explanations of economic topics by using graphs, much as I do. Only, they know their topic better than I do. I can feel it in their posts. And that's fine. It's why I go there.

But there is a problem. Here are the first two sentences from their latest post, dated 29 May 2014:

What’s new in FRED? Beyond the pie charts we saw on the blog a week ago, FRED also features scatter plots, like the one shown here.

What do they mean, new? Here's a FRED graph from mine of 12 October 2012:

Graph #1: GDP vs TCMDO, YoY% Change (annual data)
Click graph for FRED source page #bJZ

Here's the first line of the first comment on that post, from Jazzbumpa:

Dang! I didn't know you could do a scatter plot at FRED.

That comment is dated October 12, 2012 at 1:58 PM



The Rules of Exposition: 1. Tell the truth.


P.S.: FRED's pie charts aren't new, either.

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