{"id":532,"date":"2007-05-09T08:10:15","date_gmt":"2007-05-09T14:10:15","guid":{"rendered":"http:\/\/www.joewhite.com\/2007\/05\/09\/why-dont-economics-reporters-seem-to-know-anything-about-economics\/"},"modified":"2007-05-09T08:29:31","modified_gmt":"2007-05-09T14:29:31","slug":"why-dont-economics-reporters-seem-to-know-anything-about-economics","status":"publish","type":"post","link":"https:\/\/www.joewhite.com\/ramble\/2007\/05\/why-dont-economics-reporters-seem-to-know-anything-about-economics\/","title":{"rendered":"Why don’t economics reporters seem to know anything about economics?"},"content":{"rendered":"

reportonbusiness.com: Canada’s trade winds shift to EU<\/a>
\nI’ll just take on the first two sentences of this article, because to do a full fisking<\/a> would take more time than I have this morning.<\/p>\n

For Canadian exporters, the European Union’s red hot economic growth is making up handsomely for the laggard U.S. economy.<\/p><\/blockquote>\n

The EU’s growth has spiked up and ours has leveled, it is true; but the comparative projections for the next quarter are 2.6 (from the article) and 2.2<\/a>, respectively…hardly the difference implied by “red-hot” and “laggard”. <\/p>\n

Canada’s reliance on trade with the United States has ebbed to its lowest point in a decade.<\/p><\/blockquote>\n

In terms of percentage of total Canadian trade, yes. In terms of Current Dollars (both C$ and US$), it is near or at record levels, and still growing. Canada’s Ministry of Trade has an excellent website<\/a> that lets people access all manner of trade data. It generated the following graphs:<\/p>\n

\"<\/p>\n

\"<\/p>\n

<\/span>Here are the comparable results for the EU, in both $C and $US:<\/p>\n

\"<\/p>\n

\"
\n<\/p>\n

<\/span>While the growth looks much more dramatic, look at the scales on the left. Quite different, yes? Here are all four plotted on the same graph, with the y-axis starting at 0:<\/p>\n

\"Picture<\/p>\n

<\/span>Slightly different story, n’est-ce pas?<\/p>\n","protected":false},"excerpt":{"rendered":"

reportonbusiness.com: Canada’s trade winds shift to EU I’ll just take on the first two sentences of this article, because to do a full fisking would<\/p>\n","protected":false},"author":647,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[8],"tags":[],"class_list":["post-532","post","type-post","status-publish","format-standard","hentry","category-thoughts"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pekNN-8A","_links":{"self":[{"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/posts\/532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/users\/647"}],"replies":[{"embeddable":true,"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/comments?post=532"}],"version-history":[{"count":0,"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/posts\/532\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/media?parent=532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/categories?post=532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.joewhite.com\/ramble\/wp-json\/wp\/v2\/tags?post=532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}