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Stockman On Eu Production

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http://davidstockmanscontracorner.com/the-monkeys-are-screeching-and-the-central-banks-are-pushing-on-a-string/

Consider some striking proof of failure. Presumably, the welfare state mecca comprising the EU-19, for example, needs at least some growth in industrial production to sustain the massive state spending, redistribution and borrowing of its member nations. But behold, there has been no net increase in industrial production since 2001.

Eurozone Industrial Production

Now, fourteen years of going net nowhere can’t be due to want of applying the recipe de jour. Rather than stringency, the euro zone experienced a heaping big serving of monetary expansion and inflation during this same period. Even taken at face value, the balance sheet of the ECB is 2.6X its size in 2004——at a time when EU-19 industrial production was exactly at today’s level.

Chart at the link as it won't post. Some interest graphs for Italy and France.

Impressive growth overall from 2000 to now.

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Looks at these charts only US production appears to have got back to peak, everyone else is below. China's looks interesting, it doesn't look like it's bottomed yet.

I wonder which is worst in pop adj terms. In the UK output seems on a par with the late 80s, but the US has added 70-80 million people since then...

Edited by Executive Sadman

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Chinese chart is measuring growth yoy. 8% clip not bad! Total Industry Production Excluding Construction for China©
2014:Q2: 1.08900 Index Same Period Previous Year = 1.00 (+ see more)
Quarterly, Not Seasonally Adjusted, PRINTO01CNQ663N, Updated: 2014-10-06 2:41 PM CDT

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Chinese chart is measuring growth yoy. 8% clip not bad! Total Industry Production Excluding Construction for China©

2014:Q2: 1.08900 Index Same Period Previous Year = 1.00 (+ see more)
Quarterly, Not Seasonally Adjusted, PRINTO01CNQ663N, Updated: 2014-10-06 2:41 PM CDT

You can alter the setting in the chart. If you set it to measure 2010 as the base as the others it appears to be declining.

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You can alter the setting in the chart. If you set it to measure 2010 as the base as the others it appears to be declining.

Think that is just a decline in yoy growth rate, 18% down to 8% if you take 2010 as start date, no selection for rebased absolute rebased as per others.

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Think that is just a decline in yoy growth rate, 18% down to 8% if you take 2010 as start date, no selection for rebased absolute rebased as per others.

I thought it was implying you could make 2010=100 as in the other graphs. Is that not what it does?

http://research.stlouisfed.org/fred2/series/PRENEL01CNQ656N

Total electricity production produces some interesting peaks and troughs.

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I thought it was implying you could make 2010=100 as in the other graphs. Is that not what it does?

http://research.stlouisfed.org/fred2/series/PRENEL01CNQ656N

Total electricity production produces some interesting peaks and troughs.

Tried that, Chinese graph/data look different to the others, so no don't think it does in this case. Selections are different.

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Tried that, Chinese graph/data look different to the others, so no don't think it does in this case. Selections are different.

So making any comparisons with the others difficult. Brazil's https://research.stlouisfed.org/fred2/series/PRINTO01BRA661Nlooks the same to China so you could compare them but not the others?

Amazing how hard they'll make it when attempting to compare data.

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So making any comparisons with the others difficult. Brazil's https://research.stlouisfed.org/fred2/series/PRINTO01BRA661Nlooks the same to China so you could compare them but not the others?

Amazing how hard they'll make it when attempting to compare data.

Maybe browser issue going on here thern as Brazil data rebased 2010=1 and showing actual / inflatio adjusted, whereas just China YOY, all the growth pretty much has been in China industrially in real terms, they have had decade and a half of continual 7%+ YOY apart from 2007/2008.

Edited by onlyme2

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