Sunday, Jul 02, 2006

OECD stats rubbished in mainstream press

Daily Telegraph: It's good news from our French friends - but utterly misleading, non?

We all (well most of us..) poored scorn on the recent OECD statement that the UK has a less than 5% chance of a property crash - well here is the Property Section of the Daily Telegraph doing just the same. So, those of you who think that we are all just a bunch of nutters that rubbish anything we don't agree with, read it and weep...

Posted by bidin'matime @ 09:53 PM (485 views)
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5 Comments

1. tyrellcorporation said...

C'mon New Zealand, you know you want too!!!

Ok, I'll miss friends and family, the nice old architecture and the ability to access the wonderful cultures throughout Europe but honestly would anyone really miss the day-to-day crap we have to endure in this sh*thole?!?

Anyway, within 10 years we'll have aircraft that will allow us to return to Blighty in 6 hours or so... oh, and superfast video link-ups can be bought from Lidl for about 80 pence!!!

Monday, July 3, 2006 08:21AM Report Comment
 

2. inbreda said...

The article says: "If house prices carry on rising at a similar speed to recent months and the Monetary Policy Committee raises interest rates by another percentage point to 5.5 per cent, the probability will rise to just 5.4 per cent."

Correct me if I'm wrong, but the probability of a house price crash, given that "house prices carry on rising at a similar speed to recent months" is zero by definition??????

Stats are har enoug to interpret wthout confusing sentences like this one.

Monday, July 3, 2006 09:52AM Report Comment
 

3. inbreda said...

The article says: "If house prices carry on rising at a similar speed to recent months and the Monetary Policy Committee raises interest rates by another percentage point to 5.5 per cent, the probability will rise to just 5.4 per cent."

Correct me if I'm wrong, but the probability of a house price crash, given that "house prices carry on rising at a similar speed to recent months" is zero by definition??????

Stats are har enoug to interpret wthout confusing sentences like this one.

Monday, July 3, 2006 09:52AM Report Comment
 

4. bidin'matime said...

I think they mean the probability of what happens next..

Monday, July 3, 2006 11:55AM Report Comment
 

5. inbreda said...

Are they not saying "If house prices go up, the probability of them going down is 5%" ???

Monday, July 3, 2006 01:02PM Report Comment
 

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