Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Box-By-The-Riviera™ who wrote (115872)	8/7/2001 5:06:13 PM
From: pater tenebrarum	Read Replies (1) of 436258

the one thing that REALLY changed from '95 onward is that Greenspud and the merry pranksters created the biggest financial bubble of all time, by gunning the money supply like never before...it has bugger all to do with the alleged productivity increases. since these numbers rely on hedonic indexing (the calculation methodology was simply changed to make inflation, productivity and GDP stats look a LOT better than they really are) they're hogwash anyway, and can't possibly be compared to the data before the change in methodology. so yes, the productivity data have improved post '95, but not because productivity itself has. it's merely another govt. numbers game... as a result of BLS publishing data that are completely removed from reality, we have had the huge malinvestment binge that now drags the economy down. both the Fed and entrepreneurs were seduced into implementing the wrong policies based on these wrong numbers...and foreign investors were essentially duped into believing the propaganda as well. very few analysts look behind these numbers , which is exactly what the administration gambled on.

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