Where I come from, it is considered polite to allow for up to a 24 hour delay in online communications, due to time zone differences and other obstacles to more expeditious communication. Certainly if one is to take a strident tone.

The observant reader will notice that you have allowed for less than twelve.

But while we wait for that, could you perhaps enlighten us as to whether you believe that the figure would be materially different if all the relevant data had been included, and the data to which you object been excluded? Because if that is not the case, then the substance of the diary stands, irrespective of a single sentence having to be reworded or the graph updated.

Oh and while you are here anyway, I'd like to hear your reasons, if any, for not including cross-terms for Eurozone membership in your specification?

For that matter, would you like to justify your assertion that bondholders have price-setting power against a sovereign with its own housebroken central bank?

Those strike me as rather more central to your argument than whether you use 2011 or 2012 data.

- Jake

Friends come and go. Enemies accumulate.