Tag: BFM

[audio:20120322BfmIndices.mp3]

  So I found myself on BFM radio last week, talking about indices. I thought I sort of flustered a little bit and I answered a particular question quite unsatisfactorily. The host asked, why the change is more important than the actual level.

I should have said, because the base is really arbitrarily chosen. Because it is arbitrarily chosen, the level is meaningless most of the time, especially without ranking as reference.

Listen to the interview and you will know what I am talking about.