The table below shows clearly that as industrialization waned, household credit increased. My explanation is that this is what Deming predicted. As wealth creation stopped, U. S. citizens, used to ever-increasing standard of living, turned to credit to finance their lifestyle choices.
Nate Silver, the well known statistical reporter compared the performance of the main polling organizations forecasting elections. The results of his comparison are shown in the chart. What is shown is the average error of the pollsters predictions calculated for the number of polls they did. For example, Quinnipac conducted 21 polls and on average [...]
Much misinformation has been delivered about the source of the deficit. As can be seen in this graph, there are only a few sources for most of the deficit and discretionary spending is not one of them.
Note that increases in life expectancy increase rapidly and then level out. (Click on image to enlarge). This indicates that in the developing world there is a strong relationship between growth in income and life expectancy, but once a certain level is reached (around 70 years), the curve flattens out and further increases in income [...]
