May 2016:
March 2014:

Thursday, September 14, 2017

Gone are the days

From my econ blog:

Graph #1: Net Change in the Medium of Exchange due to Household Debt

The description of the calculation (in the upper blue border of the graph) has been cut short by a devious and disappointing FRED. The full description is "(Households and Nonprofit Organizations; Credit Market Instruments; Liability, Level-Monetary interest paid: Households and nonprofit institutions)*(100/Consumer Price Index for All Urban Consumers: All Items)"

Back when I started making FRED graphs, the graph told you specifically which of the hundreds of thousands available datasets were shown on the graph. And by reading both the graph title area and the vertical axis label you could determine the exact calculations used to generate the plotted numbers. You could duplicate somebody else's FRED graph. Somebody else could duplicate yours. There was no question about what the graph showed.

This is no longer the case today.