Tag: accounting

Bernanke’s Semi-Annual Tap-Dance of Distortions, Half-truths, Lies, and Hypocrisy to U.S. Congress
May 23, 2013 0

Bernanke’s Semi-Annual Tap-Dance of Distortions, Half-truths, Lies, and Hypocrisy to U.S. Congress

By News Desk

Inquiring minds with extra time on their hands this morning are plodding through the Full Transcript of Bernanke’s Testimony To Joint Economic Committee, U.S. Congress looking for the usual collection of half-truths, distortions, and outright lies it usually contains. Here are some point-by-point statements by Bernanke with my comments immediately following each set of statements.

Triple Dip Recession in France; It’s Not the Weather
May 15, 2013 0

Triple Dip Recession in France; It’s Not the Weather

By News Desk

The Financial Times reports France contracts in 1st quarter as Germany returns to growth French GDP shrank by 0.2 per cent in the first quarter, the same rate of decline as the final three months of 2012, according to Insee, the national statistics office. Investment, measured by gross fixed capital formation, remained weak, falling a further 0.9 per cent after 0.8 per cent in the fourth quarter. Exports fell and construction output fell