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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: long-gone who wrote (59273)	10/3/2000 11:45:41 AM
From: Mike M2	Read Replies (3) of 116763

Richard, prudentbear.com add to your list the BLS and Commerce Dept. much of the growth and productivity miracle is a mirage - statistical in origin due to the use of hedonic pricing in computing chain weighted GDP. The U. S. also now capitalizes software instead of expensing it as Europe does . The US bubble promoters attempt to rationalize statistical manipulation but if we are going to compare growth rates with Europe we should use the same metrics. Finally ,the Bundesbank has estimated the impact of using hedonic pricing and chain weighted GDP on Germany's numbers and the great growth rate differential is diminished. as Clinton would say - i guess it depends on what you mean by growth. it is interesting that the government statisticians use hedonic pricing yet the companies report their numbers in nominal dollars not chain-weighted dollars! Mike

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