It may be a little too easy to look like a hero in Texas, after oil prices have risen 400% since 2002. If you compute the difference in the unemployment rate in Texas and Michigan over the last 30 years, and line that up with the ratio of the CPI for gasoline to the overall CPI (on the other axis), you see an interesting story.
Yeah, that stuff is just a BUBBLING (hehheh) out of the ground. Your comment caused me to look back at N.Dakota, which I had missed completely! Holy Moley!! You're right!
Wow! Texas jumps out at ya!
ReplyDeleteWhat's their secret?
Seriously.
We're not as socialist as everyone else.
ReplyDeleteIt may be a little too easy to look like a hero in Texas, after oil prices have risen 400% since 2002. If you compute the difference in the unemployment rate in Texas and Michigan over the last 30 years, and line that up with the ratio of the CPI for gasoline to the overall CPI (on the other axis), you see an interesting story.
ReplyDeleteYeah, that stuff is just a BUBBLING (hehheh) out of the ground. Your comment caused me to look back at N.Dakota, which I had missed completely! Holy Moley!! You're right!
DeleteThey call that an 'omitted variables problem' in Bob's favorite science, econometrics
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