Comments on: Innumeracy in financial reporting? http://www.hooversbiz.com/2009/07/23/innumeracy-in-financial-reporting/ Individuals - Companies - Industries: How We Work Now. Wed, 28 Jul 2010 23:09:19 +0000 hourly 1 http://wordpress.org/?v=3.0 By: How worked up should I get over financial headlines? -- Hoover’s Business Insight Zone http://www.hooversbiz.com/2009/07/23/innumeracy-in-financial-reporting/comment-page-1/#comment-15204 How worked up should I get over financial headlines? -- Hoover’s Business Insight Zone Thu, 30 Jul 2009 03:23:35 +0000 http://www.hooversbiz.com/?p=3479#comment-15204 [...] about the state of financial journalism in this [...] [...] about the state of financial journalism in this [...]

]]> By: So much unexpectedness — what ever will we do? -- Hoover’s Business Insight Zone http://www.hooversbiz.com/2009/07/23/innumeracy-in-financial-reporting/comment-page-1/#comment-15181 So much unexpectedness — what ever will we do? -- Hoover’s Business Insight Zone Mon, 27 Jul 2009 22:07:07 +0000 http://www.hooversbiz.com/?p=3479#comment-15181 [...] Innumeracy in financial reporting? [...] [...] Innumeracy in financial reporting? [...]

]]> By: Tim Walker http://www.hooversbiz.com/2009/07/23/innumeracy-in-financial-reporting/comment-page-1/#comment-15161 Tim Walker Thu, 23 Jul 2009 20:29:46 +0000 http://www.hooversbiz.com/?p=3479#comment-15161 Well said, Wally. Well said, Wally.

]]> By: Wally Bock http://www.hooversbiz.com/2009/07/23/innumeracy-in-financial-reporting/comment-page-1/#comment-15158 Wally Bock Thu, 23 Jul 2009 19:58:54 +0000 http://www.hooversbiz.com/?p=3479#comment-15158 I don't think it's spin as much as a lack of critical thinking skills. This goes beyond innumeracy. It includes failure to define terms, the willingness to compare apples and horseshoes, and lack of even a nodding acquaintance with logic. It would also be nice if some of the folks reporting on the economy knew something about economics and business history. Today I saw a headline that told me that "experts" feared that employment numbers would not turn up until after the recovery. Since that's what happened in just about every previous downturn, it's probably likely to happen in this one. I don’t think it’s spin as much as a lack of critical thinking skills. This goes beyond innumeracy. It includes failure to define terms, the willingness to compare apples and horseshoes, and lack of even a nodding acquaintance with logic.

It would also be nice if some of the folks reporting on the economy knew something about economics and business history. Today I saw a headline that told me that “experts” feared that employment numbers would not turn up until after the recovery. Since that’s what happened in just about every previous downturn, it’s probably likely to happen in this one.

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