Financial News Fakery in a Nutshell

“How to Win Every Argument: The Use and Abuse of Logic” By Madsen Pirie p. 78 on “False Precision”:
Macroeconomists happily report that growth-rates were only 1.4 percent, instead of the predicted 1.7 percent, without telling us that some measurements of GDP cannot be taken within 5 percent accuracy. Some figures for growth of GDP could be off by up to 10 percent!
I enjoy bringing the reader the briefest, most useful information I can. This one paragraph sums up a large portion of the audacious propaganda that passes as financial news in certain Charedi newspapers.

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