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Technology Stocks : AUTOHOME, Inc
ATHM 23.76+1.2%Nov 28 9:30 AM EST

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To: ahhaha who wrote (13145)7/30/1999 9:02:00 PM
From: Skeeter Bug  Read Replies (1) of 29970
 
ahhaha, gdp is an illusion. it isn't growing in real dollars. almost all the growth is in "chained" dollars. what is a chained dollar? it ain't a real dollar, that is for sure.

all computer revs rose $8 billion in 1998 over 1997. so, that $8 billion went to an increased gdp, right? yup. but so did another $150 billion. why? accounting gimmick. the excuse is that computers are much more powerful so they return more to the economy even if the price is lower.

forget the fact that these faster computers aren't adding to the bottom line of the folks that buy them... as expressed by the flat gdp excluding this voodoodoo economics...

take away the voodoodoo dollars and gdp is flat. so much for productivity increases...
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