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Motley Fool Money - Motley Fool Money: 04.26.2013

Apple reports big earnings but fails to impress investors.  Netflix surprises and its stock soars.  And a fake tweet causes a flash crash.   Our analysts discuss those stories and weigh in on the latest earnings from Coach, Yum! Brands, and Procter & Gamble.   And CNBC host Becky Quick previews the Berkshire Hathaway annual meeting.

 

 

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More or Less: Behind the Stats - Austerity: a spreadsheet error?

Tim Harford tells the story of the student who uncovered a mistake in a famous economic paper that has been used to make the case for austerity cuts. In 2010, two Harvard economists published an academic study, which showed that when government debt rises above 90% of annual economic output, growth falls significantly. As politicians tried to find answers to the global economic crisis, ?Growth in a Time of Debt? by Carmen Reinhart and Kenneth Rogoff was cited by some of the key figures making the case for tough debt-cutting measures in the US and Europe. But, in the course of a class project, student Thomas Herndon and his professors say they have found problems with the Reinhart-Rogoff findings. What does this mean for austerity economics?