UK is finally top - contradicting the "sinks below Nigeria" post

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
10/10/2009 16:05

UK is finally top of World Economic Forum's Financial Development Index as shown on http://www.weforum.org/pdf/FinancialDevelopmentReport/Rankings2009.pdf. Last year they were 2nd but in 2009 they finally made it to the top. Australia were 2nd, US 3rd and Singapore was 4th. Turkey was 44th.

If you read the other post you'll get a totally different story, but at least this one is based on fact. The "sinks below Nigeria" quote was the give-away.

Mal

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2009 16:07

Malsancak are you saying that this article is a fantasy?



Here is the link - http://www.ifaonline.co.uk/ifaonline/news/1558063/britain-sinks-nigeria-financial-stability-ratings



It quite clearly states: Out of 55 global economies, the UK ranks 37th for financial stability, just above the US at 38th, according to the Forum's second annual Financial Development Report.



What part of that don't you agree with?

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2009 16:09

Malsancak, by the way, your link doesn't open.



can you post the correct link in order to substantiate your claims.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2009 16:17

I'll do it for you Malsancak. Here's your link : http://www.weforum.org/pdf/FinancialDevelopmentReport/Rankings2009.pdf



The difference between the two rankings are that my post referred to 'Stability' rankings and your link refers to 'Development' rankings.



Two entirely different rankings.



Therefore my post stands in that Britain sinks nelow Nigeria in financial stability rankings. That is based on FACT. No need to apologise.

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
10/10/2009 16:40

All this proves that "There are lies, damn lies and statistics". I wonder who said it first?

ismet

http://www.elkocyğrus.com

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
10/10/2009 17:01

and as I said in the other post, I am also right. I apologise if you thought I was criticising you but I still can't find the statistics the article was based on. My internet went down for 45 minutes I've not had much time to look.

If you put your head in the fridge and your feet in the oven, on average you will feel just right.

Mal

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
10/10/2009 17:04

and therefore what rank Turkey was in the "financial stability rankings"

Mal

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2009 17:20

Mal. No problem.



regarding the financial stability of Turkey - have a look at this:



http://www.tcmb.gov.tr/yeni/evds/yayin/finist/fulltext8.pdf



It's quite an in depth report but you may find something in there. I'd be ineterested if you do.



Bill

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
10/10/2009 17:32

Thanks for that but it's Turkey specific and not about world ranking. I tried searching the weforum for "financial stability" ranking and there is nothing on the website. I am beginning to doubt the intentions of the article I'm afraid. According to the source cited in the article, "The rankings are based on over 120 variables spanning institutional and business environments, financial stability, and size and depth of capital markets, among other factors" so it looks like they've take one of these variables and created an article title which makes it looks like UK is failing when overall it is top. This is very suspicious in my eyes, OK for a sensationalist rag like NCFP but not acceptable for a serious financial website There is a lot of this UK pre-election propaganda going around at the moment.

Mal

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2009 17:35

"There is a lot of this UK pre-election propaganda going around at the moment"



Mal. I never thought of that. Do you think Mr Brown is calling in a few favours?