2 ms·
There is not a single person on the face of Earth who - knows what basis points are and - would interpret that headline as “new_rate = old_rate * 1.0075”
by kgwgk 4y ago
There is not a single person on the face of Earth who
- knows what basis points are
and
- would interpret that headline as “new_rate = old_rate * 1.0075”
- SnowHill9902 4y agoDoesn’t make it right.
- kgwgk 4y agoMakes it irrelevant. Headlines often commit much worse offences than using "0.75%" a shorthand for "three-quarters of a percentage point" anyway.