Wednesday, March 27, 2013

Facts shmacts

This is just one small example of a pretty staggering trend in Polish journalism: a healthy dose of contempt for facts. Here's a link to an online account of a public meeting that three Polish journalists had recently had, in which they talked about all matters EU and Cyprus. One of those journalists, some guy named Marek Magierowski, had apparently talked about how the whole Cyprus commotion is good for Germany because it exerts downwards pressure on the Euro, and is also quoted as having said:
There was a moment during which the yield on German 10-year bonds fell below zero. German government is able to essentially borrow money at no cost.
OK, now go and google "germany 10-year bond yield". Your first hit will be this chart. Now what does it tell you about Mr. Magierowski or those who listen to him and the likes of him without investing two seconds on Google?