Still nope. What you’ve done is a very elaborate exercise in point missing, not that I’m surprised. Take a look at that chart again and do some thinking. There’s a reason for using nominal prices to illustrate what happened after the oil shock. The flat line that suddenly begins to jump around like a spastic house cat illustrates a very specific point. Anyway, I should know better than to engage with you people.

This comment section is nothing if not predictable.