Did you study economics?
I’ve never studied economics formally but I wish I had. Not because I think Economists get right. Some of my best friends are economists (:) really!). They are intelligent, thinking people. But they rarely get anything right.
I wish I’d studied economics because I think it is important to understand economic statistics. How can we function without knowing where the economy is going? How can we make political choices if we don’t understand what is happening around us?
Thankfully contemporary visualizations help us understand economic data
I might be let off my need to improve my economic literacy by the accelerating trend to slurp numbers and arrange them so that more of us can understand them.
Here is a marvelous visualization of the US economy.
On almost every indicator, the US economy seems to have bottomed and turned. It’s a snappy little presentation allowing us to click quickly through ten indicators. The data readjusts with a springy look which reminds us, I think, the short-term instability of economic data.
Before I saw this visualization, I hadn’t appreciated how well the American economy is doing.
I wish we have an equivalent presentation on UK economy.
Who is audacious enough to hope?
Do have a look. I find myself not daring to hope that they are true. I wonder how many more people want to wait a bit before they get their hopes up?