It is a joke, a have friends who went to USC, and they definitely aren't spoiled. But one does snort coke!

I mean, it is the USC, University of Spoiled Children (or Snorting Coke).

God, that hurts my eyes.

That's not the correlation, that's just two lines on a chart which shouldn't have lines

What is the time period? Axes labels? Why are you using lines where there's no continuity? God, please rain fire and brimstone on this abomination!

If this was a high school math or data analysis project, this would be graded Zero.

Go back to the drawing board and make a scatter plot with each dot representing one country, but add labels to the axis, and then add the correlation line to it.

Here's more info on the cable car: https://en.wikipedia.org/wiki/Wetterhorn_Elevator

That's the Schreckhorn in the center. And in the middle left, you can see the old mountain station of the Wetterhorn cable car, no longer active which leads to the SAC Gleckstein mountain hut, a gorgeous spot!

>I kind of think the U.S. needs to adopt this kind of rotation.

It is more complicated than that. The Federal Council has 7 members, from ALL significant parties. It is also based on collegialism: all members of the Council have to stand behind its decisions, no matter how they voted internally.

In the US, this would be, picking a random example, like having a Federal Council with Trump, MTG, Ted Cruz, Biden, Pelosi, Bernie Sanders and Schumer.

And after the council voted on forgiving student debt, Ted Cruz would have to go and publicly announce that the council voted to forgive student debt, why that is the right thing to do and why he defends it - even if he personally is against it.

> Respondents were asked whether they would say things in their country are going in the right direction or have gone off on the wrong track.

This doesn't make any sense for Switzerland, to the point that it is risible.

The "Leader" isn't actually a leader. It is just a Primus inter pares cerimonial position, which each member of the Federal Council (which collectively is the actual head of the executive power and the head of state) holds for a year, based on a rotation.

It confers no additional powers, and only someone who has no idea how the Swiss political system works would consider them "leader of the country".

Which would be accurate if it were inflation rate over the last 12 months vs. nominal interest rates over the past 12 months.

As it is, it doesn't make much sense, other than conveying a wrong sense of absurdity.

Might is referring to the recession. Depending on the circumstances, you might just slow the growth of consumption allowing supply to catch up, without causing a recession.

It all depends on how drastic things are and what is the roadblock.

No, even if supply is the problem, high interest rates will decrease consumption and eventually bring it to the level of supply.

Naturally, that might also cause a decrease in the economic activity causing a recession.

The problem is that fixing inflation hurts, and people tend to have an aversion to pain, and to politicians who cause it.

And none of that matters to my point: inflation is backwards looking, target interest rates are forward looking. The rest is pedantism.

Anyway, no point in arguing economics on Reddit...

It depends. When inflation is cross-border, and caused by supply shocks, raising interest rates in a single country isn't enough because consumption is global (such as as with energy). When it is localized, it is strongly tied to local consumption and therefore strongly impacted by interested rates.

High interested rates fix inflation, but they also slow down the economy. Both are through reducing consumption.

No exactly: inflation rates are backwards looking. Nominal interest rates are forward looking.

While the two are related, you can't just subtract one from the other, because the two never overlap in time.

184 Million what? Bananas of milk? Cups? Grams?