today i learned about the permyriad and i am now on a mission to make it a thing https://t.co/nAGHNq4vVE https://t.co/tjagjBgsUG

"yields rose by 8 permyriads today," come on, how classy is that

elsewhere wikipedia makes the point that "yields rose by 8 permyriads" is actually ambiguous in the way that "yields rose by 8 percent" would be, ugh, never mind.

i kind of can't believe that there isn't a financial newsletter already doing this as a bit, like if you're the sort of person who says "shall" for "will" surely you'd enjoy saying "permyriad" for "bp"

@coneslayer exactly, if i were editing a financial story at the New Yorker i'd definitely be crossing out "basis point" and writing in "permyriad"

@colinahiggins @manicakes yes right and wikipedia's point is that "bp" is the equivalent of "pp" here, that is, a basis point is to a permyriad as a percentage point is to a percent. i just want to be able to say that yields moved by 8 permyriads.

@justsarahdavis i assume it's pronounced "per myriad"

@perks_joanna i am aware of "beep" but never really hear it in practice and also find it upsetting. but i think it exists. not sure if it is regional.

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@pdrewienkiewicz @perks_joanna i think US practice is a bit more "bip" than "beep"

@AlphaEraser nah the premium is generally amortizable

@phdphil yeah there's a footnote https://t.co/wbr5fRBhWh

@rachelmetz @AP Taking "totally obsessed with understanding" literally I'd recommend:
- All the Devils Are Here (McLean/Nocera)
- Slapped by the Invisible Hand (Gorton)
- Diary of a Very Bad Year (n+1)
Also Sorkin's and Geithner's books & maybe Friedman & Kraus "Engineering the Financial Crisis"

@rachelmetz @AP also obviously watch "Margin Call"

@petewilz @rachelmetz @AP yes that also probably belongs on the list, though it is less immediately about the 2008 crisis in the US.

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@robinkunde lol yes oops

this strikes me as a reasonable complaint but one that you should not make at davos https://t.co/2CaRYq5UdV

"people are very unfair when they accuse me of secretly running the world by controlling of trillions of dollars of capital and using that to further the interest of global elites" - yes fine agreed but say that from your front porch or whatever

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