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This article does an annoying thing where it gives you stats without proper comparison so you can't tell if the numbers are actually out of the ordinary. > A d
by jallen_dot_dev 4y ago
This article does an annoying thing where it gives you stats without proper comparison so you can't tell if the numbers are actually out of the ordinary.
> A deputy to top health official Anthony Fauci reported 10 sales of mutual funds and stocks totaling between $157,000 and $480,000 that month.
Impossible to tell if that's suspicious without knowing how much that deputy normally trades.
> officials at another health agency, Health and Human Services, reported 60% more sales of stocks and funds in January than the average over the previous 12 months
A better comparison would be to January 2019 to account for seasonality. Maybe people rebalance/reevaluate their investments at the start of the year.
> Then-Transportation Secretary Elaine Chao purchased more than $600,000 in two stock funds
Again, impossible to tell if that is unusual without comparison. Apparently she is worth 10s of millions of dollars.
> Nearly 400 officials across 50 agencies reported owning stocks in airline, resort, hotel, restaurant and cruise companies in early 2020, the review found.
Okay...?
> [March] was the most active for trading by officials across the federal government, including at HHS
March was the most active for trading, period. Because the markets were melting down. Also, by March the impact was more widely known to the public.
There's more stuff below the fold but this is getting tedious.
- deleted 4y ago[deleted]
- tootie 4y agoMeanwhile this 1000x worse thing happened: https://www.nytimes.com/2022/10/20/business/economy/james-bullard-citi-private-event.html https://www.nytimes.com/2022/10/20/business/economy/james-bu...