this post was submitted on 14 Jul 2024
118 points (95.4% liked)

World News

39329 readers
2280 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Contravariant 4 points 5 months ago* (last edited 5 months ago)

It always annoys me when I see something that boils down to 'nth order derivative flips sign' where it's unclear what order derivative the article is even talking about.

To be clear this is a change in the direction of the trend of the month over month inflation index. So we're talking about some third order derivative changing sign. Which frankly is about to be expected, at that point any signal is going to be noisy.

The more down to earth statement is that the month over month inflation was very high and has now stabilized somewhat at around 4.5%ish which is still high (works out to about 70% yearly). It needs to be about a tenth of that.

Note that the decrease in the month over month inflation is not a sign of things improving. It is a sign of things getting worse at a slightly lower rate than earlier. That's what annoys me about using such high order derivatives, it obscures the real problem.

Roughly speaking this article is discussing how far someone has pressed the gas pedal while heading towards a cliff, while the real problem is that they're pressing the gas pedal (or more urgently they're heading towards a cliff). Of course that last fact hasn't changed so they manufacture a news story out of it by finding a derivative that did.