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Pastimes : All Clowns Must Be Destroyed
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To: patron_anejo_por_favor who wrote (29550)4/26/2000 11:06:00 PM
From: pater tenebrarum  Read Replies (1) of 42523
 
While the ECI may carry a strong headline number, the economy's strong productivity should offset any growing inflation concerns, said Bruce Steinberg, chief economist at Merrill Lynch.

``It is very important to understand that other measures of labour costs such as compensation per hour -- which is a broader measure than ECI -- while they are rising, they are not accelerating,'' he said.

``It is also critical to understand that productivity growth in the U.S. economy is unbelievable. Despite labour cost worries, productivity growth has more than outpaced wage increases so there is still no underlying inflation,'' said Steinberg, whose prediction is in line with the 0.9 percent consensus.

MYTH,MYTH,MYTH...productivity is another statistical trick, based entirely on the chained dollar bag of lies applied to PC manufacturing.

and that's their CHIEF economist???

hypster-in-chief more likely...
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