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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.50

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3:59 PM EST

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To: GST who wrote (129285)	7/29/2001 2:11:14 AM
From: Skeeter Bug	Read Replies (2) of 164684

gst, the economic impact of computers on gdp were changed by alan greenspin and company in 1996. alan.com knew computers were increasing productivity, but gdp didn't reflect it. therefore, he began to include "chain weighted dollars" to increase a computer's contribution to gdp. iow, a computer sold for $1k might actually contribute $2k to gdp. here's the problem. 1. IF computers drastically improved economic productivity then it would have shown in the gdp numbers, period. it didn't. i hate it when scam companies manipulate numbers to what they know they should be as opposed to what they really are - and that is exactly what greenspin did. 2. to compare the new faked numbers to historical numbers is dishonest - they used two entirely different measurement systems. to compare us productivity to europe and asia is nonsense, too - they used two entirely different measurement systems. however, greenspin loved to do both. in fact, europe has been rumbling about how much their "productivity" would increase if they used our phony system! the net impact was the creation of the "new economy" illusion. productivity growth was manipulated up 100%. make no mistake. only the measurement changed, not actual productivity. imho, alan greenspin doesn't have a clue what productivity is. economic productivity is the creation of dollars. micron and other dram mfrs increase dram productivity so much that they reduce dollar productivity due to the supply demand imbalance they create. greenspin thinks collapsing revenues is an increase in productivity. actually, it is a sign that resources are being used unproductively in the economic sense. resources are being used to make stuff nobody wants. iow, unproductively!

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