Read that Graph CAREFULLY

Everyone here knows that I find it difficult to respect a man who feels able to spend $1,600,000,000 on his own job interview expenses but even Obama needs some protection from the badly drawn graphs and charts. Even the Financial Times can get it wrong!

Here is a graph cut and pasted from yesterday's Financial Times:

How about the corrected version where the vertical axis is NOT chopped off just below the half way point ... no such a drastic change over the year is it?

This post was also uploaded to Duncan's Diurnal Diatribe

DW

Follow your own advice laddie

I wish I had!

Just before he set off on a monster trip of the Far East, my nephew asked me for some advice. He wanted to know the best strategy for foreign exchange for his trip: he asked about taking dollars, traveller's cheques and so on. I told him, whatever you do DO NOT get your currency here in the UK.

As I was leaving Dubai I checked the rates there as I had a little bit of foreign currency with me. Why oh why did I not follow my own advice? I ran out of time and opportunity to change my money in the end although I did change a little bet at Dubai International Airport. The rate there was a bit worse than I would have got in town but I changed it.

Anyway, when I got to the bank here at home I found their rate was £:$ of 1.74 ... in Dubai the rate at the time I SHOULD have changed my money was £:$ 1.61.

Just imagine I was changing $1,000 ... in Dubai I would have got £621, here in Halifax I would have got £575, a difference of £46.

Don't do what I do, do what I say! What a clot I am!!

DW