Inflation in Zimbabwe Jumps 9,000,000% in June to 11,250,000%

T

Tim

Tim said:
Now that is a lie.
Ermm - did you get it right first time? No,
you didn't (you said "over 31% per day").

Ermm - did you get it right second time?
No, you didn't (you said "well over 4.5%").

M

Martin

Ronald Raygun said:
So do I, 3.238%, I don't know where the 4 came from.
Should have gone to Specsavers.
So now inflation rate is being quoted to 4 sig figs - PER DAY !!

Isn't this [roughly] where the thread started?

T

Tim

Tim said:
At 12:05, "PeterSaxton" wrote
Now that is a lie.
Four minutes earlier at 12:01, "PeterSaxton" wrote
Being wrong doesn't make somebody a liar. It has to be deliberate.
Peter, did you *really* know whether
my comment was deliberately wrong?

If you *didn't* know, then why did you say it *was* a lie?

But if you *did* know, then you will have known that it wasn't
deliberately wrong, and so *your* comment was therefore a
lie (you deliberately said I lied, when you knew that I didn't).

So - which is it? Are you a liar, or do you
just state things as the truth when you actually
have no idea whether it's correct or not?

P

PeterSaxton

At 12:05, "PeterSaxton" wrote

Four minutes earlier at 12:01, "PeterSaxton" wrote

Peter, did you *really* know whether
my comment was deliberately wrong?

If you *didn't* know, then why did you say it *was* a lie?

But if you *did* know, then you will have known that it wasn't
deliberately wrong, and so *your* comment was therefore a
lie (you deliberately said I lied, when you knew that I didn't).

So - which is it?  Are you a liar, or do you
just state things as the truth when you actually
have no idea whether it's correct or not?
Sometimes you lie and sometimes you are simply wrong. You ALWAY want
to have an argument. Get you thrills somewhere else.

T

Tim

Tim said:
Sometimes you lie and sometimes you are simply wrong.
You ALWAY want to have an argument...
Now that's a lie ... or maybe it's just 'wrong'?!

Peter, I strongly suspect that you had no idea whether
my comment was deliberately wrong or not, and so you
probably didn't 'lie' when you wrote "Now that is a lie"
above -- you were just mistaken, and got it wrong.

So - how often *do* you get things wrong?

N

Nick

Martin said:
What kind of muppet imagines he can calculate an inflation rate to 8
sig.figs....?!!

M

Martin

Nick said:
Hee hee. I agree you've identified a category of muppet, but (and assuming
I'm not taking your reply too seriously....

Even for swap traders, I assume inflation is price change related to time
period. As a change in the 8th sig fig corresponds to one second in 3
years, it seems an extremely unlikely and totally meaningless degree of
precision.

As for "price", the 8th sig fig represents such a disappearingly minute part
of a barrel of oil that even the NPL would be hard pressed to measure it
before it evaporated !!

T

Tim

Martin said:
Hee hee. I agree you've identified a category of muppet,
but (and assuming I'm not taking your reply too seriously....

Even for swap traders, I assume inflation is price change
related to time period. As a change in the 8th sig fig
corresponds to one second in 3 years, it seems an extremely
unlikely and totally meaningless degree of precision.

As for "price", the 8th sig fig represents such a disappearingly
minute part of a barrel of oil that even the NPL would
be hard pressed to measure it before it evaporated !!
Ah, but what if each of 'time' & 'price' have 4 sig figs?

N

Nick

Martin said:
Hee hee. I agree you've identified a category of muppet, but (and assuming
I'm not taking your reply too seriously....

Even for swap traders, I assume inflation is price change related to time
period. As a change in the 8th sig fig corresponds to one second in 3
years, it seems an extremely unlikely and totally meaningless degree of
precision.

As for "price", the 8th sig fig represents such a disappearingly minute part
of a barrel of oil that even the NPL would be hard pressed to measure it
before it evaporated !!
If you are looking at deals with notionals of many billions you get real
differences. It makes it much harder to reconcile figures if someone
decides it is ok to arbitrarily round the figures.