The questionable accounting gimmick countries are using to claim economic progress.
The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That was a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.
How accounting gimmicks have conned the public into believing that the economy gained jobs in January.
March 6-8, 2015
Palos Verdes, CA