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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (35240)4/30/2009 10:39:09 AM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: That story got it right, using "shrank an an annualized rate", rather than the common "the economy shrunk X percent in Y quarter"....

Yep.

I too vastly prefer seeing such things reported in the format of "annualized rate of change" --- it simply tells the reader something in a way that is much easier to grasp the import of the news.

Also... much prefer to see economic statistics reported as "Y-o-Y" (Year-over-Year) numbers, as opposed to "seasonally adjusted numbers". (When they report a "seasonally-adjusted" figure they often leave out the 'fudge factor' - the amount of the seasonal adjustment, leaving the number they are reporting incomprehensible gobblety-gook at best... and deliberate propaganda at worst....
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