Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cynic 2005 who wrote (74501)	1/26/2000 3:28:00 PM
From: Don Lloyd	Read Replies (3) of 132070

Mohan - [[...Assuming that there is no recession in the next 4 years and we grow at 4%/year for next 4 years. The 8.7 tril economy with a 4% growth will be at about 10 tril by 2004. These bozos are forecasting a 73% share of B2B in the GDP??? Whatabout the brick and mortar biz, other retail, govt etc etc? The guys are out to lunch and are drugged out!]] You're absolutely correct. There must be a hidden GDP growth accelerator somewhere. Because of silly laws, people tend to not report their economic activity in encouraging the government to make specific business-friendly decisions. This conservatively must represent at least 50% of GDP, which is being grossly understated. Another 50% of GDP can be imputed from the long hours that our dedicated public servants put in for puny government payroll checks. If their real value were to be recognized, it would be clear to all Americans what their immense impact on real GDP must be. Net net, reported GDP must be understated by at least half, even before accounting for WAR-ON-DRUGS asset forfeitures. In summary, if B2B share seems to be too large wrt GDP, it simply means that the GDP statisticians have more work to do. -g- Regards, Don

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next