Showing posts with label hyperinflation. Show all posts
Showing posts with label hyperinflation. Show all posts

Wednesday, October 24, 2018

Logarithmic hyperinflation

So I got my latest condominium bill.  Needless to say that I was flabbergasted.  I ran a graph of this year payments.

In blue, the amount paid monthly over the year on base 100 as of September.
The red square was an extra payment for some stuff that broke down.
To lighten up the graph I decided to consider as 100 this September payment and thus the other months are a percentage of what I paid this month.

But of course this is not clear. Since I am a scientist I immediately saw the logarithmic scale representation potential on what is an exponential hyperinflation.  Here below.




Now you can see by yourself how fast inflation goes. You can see better than the previous graph the real payment for February (reddish square) which was the normal condo plus an extra payment for elevator water pump repair (I think it was). Not that it changes anything, just for full disclosure.

And yet the monthly fold increase is not quite clear from this graph. So I added an exponential trend line.


So there you see it, condo is multiplied 10 fold every 3 to 4 months. Though that rate was lower early in the year (4 month) and is speeding up now (every month and a half). I tremble as to what will await me for the 3 months end of the year.

So now you can feel my pain, at ground zero of hyperinflation.






Monday, July 23, 2018

What Josep Borrel really meant : a lost country

Spain had what is normal in a parliamentary system: there was a motion vote that ousted the sitting Mariano Rajoy which automatically replaced him with the "leader" of the opposition, Pedro Sanchez.  This one did not reach premiership after last elections since, well, he barely floated around a quater of the vote. But Spain is a country of instituions and Sanchez heads a ministry that is held in place in large part by the good will of very the leftist PODEMOS who is a big, bought, friend of chavismo.
The door opened again.
Borrel and Chavez son in law.

We need to understand this to interpret, in part only, the recent words of Josep Borrel, the new foreign office holder. He said during a meeting with Venezuela's foreign minister, the creep that got there because he married a Chavez daughter, that Spain will not spearhead sanctions against Venezuela anymore and that dialogue should be renewed [english].  Some in Venezuela interpret this as a success, some as a betrayal, both are wrong.

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