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if you let the data speak for itself, you’ll hear only lies.
@jp_koning on how accurate data about euro-denominated traffic over the SWIFT network might lead one to conclusions 180° off from what’s likely going on.
https://jpkoning.blogspot.com/2024/12/someone-is-wrong-on-internet-about.html
@interfluidity @jp_koning As my undergrad econ advisor, John Photiades, never tired of reminding his students, "the numbers do not speak for themeselves."
@interfluidity @jp_koning
That the WSJ missed the actual explanation is pretty wild. I wonder if it's just stupidity on their part, or agenda-driven stupidity? Maybe this is a strained effort to combat the de-dollarization narrative coming from BRICS supporters? Or maybe their journalists just don't pay very close attention to the beats they're supposed to be covering. Either one seems plausible to me.