Do not blame Excel, blame analyst!

I have been using Excel for more than 20 years and I even had run a class teaching accouters to work with spreadsheets! And sure, time to time some bugs were seen and some inaccurate calculations (e.g. working already as Capacity planner I was pointed by my manger on some not precise trend charts I built and had to redo that by use intercept(), slop() and RSQ() functions to get trends, not trusting to the graphical way to plot them.

BUT I LOVE EXCEL!!! You just need to know what you can and cannot do with it!

So I am LOL reading the following article where wrong global trend were drown from mistaken Excel based analysis. Do not blame excel, blame analyst! And I Applauding to the student who is brave to  find the  error in famous but bad analyst's work!


Here is original American article: http://finance.fortune.cnn.com/2013/04/17/rogoff-reinhart-excel-errors
And Russian one I guess about the same fact but under different angle: http://newsru.com/finance/18apr2013/student.html


Plus I personalty enjoy living in debt. Being relatively new here in US (~13 yeas ago I moved with family with ~$10,000 in my pocket), that economical mechanism allowed me to reach almost middle class life level by just lending my brain....