Friday, October 01, 2010

MORE ON THE ANONYMOUS REPORT that claimed that Spain's GDP had collapsed a whopping 173%: wrong. But: "[economist Luis Riestra] Delgado doesn't doubt, however, that Spain is fudging its numbers. It is doing this through its collection of economic data, he says, which then is corrected later on. The numbers, however, make the situation look better now than it actually is."