|From today's USA Today insert|
|May 2013 local editorial|
|Trend-line mania: 61 out of 61 projections were too high.|
Also, the same slope on the trend line always!
N3B has other more local examples:
|N3B: Population Growth does not equal driving growth!|
|N3B: Modeling never recalibrates for reality|
Transportation planning needs to come to terms with 21st century patterns, and not continue to behave as if it's still the 20th century.
Autos may not be bust yet, but the boom is done.
(By the way, the City Club has a relevant talk tomorrow, "Peak Oil and Ponzi Finance: LAST GASPS OF A TERMINAL ECONOMY?")