This is a pretty good concrete example of why Kryder's law[1] and related laws are phenomenological observations rather than laws of nature. Good to cite in a slide deck if you need an explicit example of when exponential progress was stopped.
It took something pretty big, and it took a direct hit. For example, Moore's law itself looks to have continued without noticeable interruption [2] through Katrina, the financial crisis, and the Japanese tsunami.
But now, for the first time in recent memory, real storage costs will be increasing rather than decreasing for a fairly prolonged period. Fortunately, the knowledge required to resume the exponential curve after these floods remains undamaged.
Moore's and Kryder's law are about feasible storage/transistor fabrication density increasing, not about whether or not those advances translate into savings for the consumer.
To bad prices did not actually rise 180% in a month or you could link to that article. As to why he shows a graph which demonstrates what he is saying is a lie... Vs showing 60-140 = 133% price jump which is still huge.
PS: Look for 1 month where the prices increased 180%.
It took something pretty big, and it took a direct hit. For example, Moore's law itself looks to have continued without noticeable interruption [2] through Katrina, the financial crisis, and the Japanese tsunami.
But now, for the first time in recent memory, real storage costs will be increasing rather than decreasing for a fairly prolonged period. Fortunately, the knowledge required to resume the exponential curve after these floods remains undamaged.
[1] Moore's Law for storage: http://en.wikipedia.org/wiki/Mark_Kryder#Kryder.27s_Law
[2] Moore's law through 2011: http://en.wikipedia.org/wiki/File:Transistor_Count_and_Moore...