Tag: accounting

Sweden Officially in Deflation (As Measured by CPI)
March 13, 2013 0

Sweden Officially in Deflation (As Measured by CPI)

By News Desk

Reader Kenneth from Stockholm, Sweden informs me that Sweden is Officially in Deflation . Current Inflation Rate In February 2013, CPI inflation (measured as the annual change in the consumer price index) stood at -0.2 per cent (-0.0 per cent in January 2013)

Expression of the Day: "Ducks are Fat at the Back"
March 13, 2013 0

Expression of the Day: "Ducks are Fat at the Back"

By News Desk

Expression of the Day: "Ducks are Fat at the Back" I was intrigued by a quote in the Financial Times by former German Chancellor Gerhard Schröder who won a standing ovation when he returned to remind his supporters of their ancient triumphs. Schröder’s message for the party was to persevere in this year’s general election, with a real chance of beating chancellor Merkel’s centre-right coalition in the final weeks of the campaign. Schröder claimed Peer Steinbrück, the SPD candidate for chancellor, should stick to his guns in spite of trailing in the opinion polls.

Roubini Promotes ECB Currency War and Other Silliness
March 11, 2013 0

Roubini Promotes ECB Currency War and Other Silliness

By News Desk

As reported by Yahoo! Fiance ,Roubini stated ECB must cut rates or risk crisis again The bank would act eventually to avoid the recession getting worse, but risked doing "too little, too late," Roubini said in an interview with CNN’s Nina dos Santos. "They have to cut the policy rate, they have to stimulate the economy, they have to try to weaken the value of the euro," said Roubini, who was credited with predicting the financial crisis of 2008. "The euro should be 10, 20 or even 30% weaker to restore the competitiveness of the [eurozone] periphery," Roubini said