COTD = Chart of the Day
W-T-F?
We get that if Trump closes the southern border, the U.S only has three weeks supply of guacamole but…come on, man! As they say, “correlation is not causation” or is it?
Do avocados settle in bitcoin? Or is bitcoin now backed by avocados?
Must be those frickin’ ‘bots.
Avocado prices are clearly tracking Bitcoin. pic.twitter.com/JgxrwnzWcw
— Tracy Alloway (@tracyalloway) April 2, 2019
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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
Global Macro Monitor
The same strong correlation between the timing of forest fires and ice cream sales also helps to explain why statistical correlation is not the same as statistical causation…if that makes sense?