ECB holds key interest rate at 4%

Re:ECB holds key interest rate at 4% by ajross on Friday October 27, 2023 @10:00AM (#38038515)

Yikes. That graph is straight up lying to you. "Disposable income" is a delta measurement. By definition, it will show wild relative swings when the two values being subtracted are close to each other. You absolutely can't put it on the same chart with a value measured in absolute units, and whoever tried that shit was trying to sell you something. Where did you get that? Please (please) stop trusting whoever gave it to you.

I don't know if Canada has an equivalent to FRED and I'm too lazy to do your research for you, but I'm 100% convinced that if you find a measurement in the right units (c.f. "median household income" that I used -- be sure that if you find a graph that is inflation-corrected ("real median household income" in FRED-speak) that you use corrected values for both your data points!) you will find that Canada and the US look broadly the same throughout the past century or so.

I mean, come on. You guys are literally right there, we read the same media. You really think that if things were that different we wouldn't notice? You don't think americans whine about housing prices too?

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Re:ECB holds key interest rate at 4% by cmrdporcupine on Friday October 27, 2023 @10:15AM (#38038710)

I'm willing to admit the graph I linked to is entirely dubious.

It still remains the case that housing prices in Canada did not go through the downward correction that US housing prices did in 2008. That and our immigration rates are very high, so pressure from population growth has also been high.

I gotta get back to work, so can't go hunting for raw data right now. I think you'll find though that US and Canadian data don't co-relate in the way you're assuming they should.

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