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More or Less: Behind the Stats

Making music out of Money

More or Less: Behind the Stats

BBC

Business, Mathematics, Science, News Commentary, News

4.63.5K Ratings

🗓️ 20 May 2019

⏱️ 9 minutes

🧾️ Download transcript

Summary

Data visualisation is all the rage, but where does that leave the old-fashioned values of audio? Some data visualisation experts are starting to explore the benefits of turning pictures into sound. Financial Times journalist Alan Smith plays his musical interpretation of a chart depicting the yield-curve of American bonds. Image: Human heart attack, illustration Credit: Science Photo Library

Transcript

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0:00.0

Hello and welcome to more or less on the BBC World Service, the show which gives you

0:04.6

your weekly dose of data all about the world and everyday life.

0:09.0

I'm Tim Halford.

0:10.8

Tables, charts, graphs, even animations.

0:14.8

Data visualization is all the rage, but where does that leave the old-fashioned virtue

0:20.4

of listening to things, using your ears?

0:23.7

Some data visualization experts are starting to explore the benefits of turning pictures

0:28.7

into sound, including this fellow.

0:31.4

I'm Alan Smith, I'm Data Visualisation Editor at the Financial Times.

0:35.4

It's only natural that as a financial times journalist, Alan was going to get his teeth

0:40.0

into a meaty slab of pure finance, the yield curve.

0:45.3

So, the yield curve, Alan.

0:51.5

Economics geeks like me get very excited about the yield curve.

0:55.0

Tell me what is it and why anyone would care.

0:57.5

Well, a lot of people would be really interested in anything that could tell them when there

1:01.2

might be a recession coming.

1:02.6

And that's one of the things that this yield curve is held by some to be able to do.

1:07.0

So, what it is is actually something quite simple.

1:09.4

It's just a chart that shows you the yields of different government bonds of different lengths.

1:14.8

So, for example, if I want to lend money to a government, let's say the British government,

1:21.4

I could lend the money for 30 days, I could lend the money for three months, I could lend

1:27.0

the money for a year, or 10 years, or 30 years.

...

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