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Politics : Ask Michael Burke

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To: BGR who wrote (71621)	12/9/1999 10:16:00 AM
From: Mike M2	Read Replies (1) of 132070

BGR, go to the Commerce dept's web site and read about hedonic pricing - the gov't takes computer sales measured in real $ and determines that due to increased computing power at reduced prices decides that GDP is understated so they come up with chain weighted GDP. Its effect from 1996-8 was to overstate GDP by 38% and as a by product productivity is overstated as well. What matters in the profit and loss account are real dollars Dell does not report their sales in chain weighted dollars they report in real dollar. this concept is a statistical lie to deceive the public about the health of the economy. Look for your self. mike

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