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Non-Tech : The ENRON Scandal

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To: Baldur Fjvlnisson who wrote (496)	1/15/2002 7:20:38 AM
From: Baldur Fjvlnisson	Read Replies (2) of 5185

Economy: 1. Inflation Report - 85% decline in buying power - 1,000% inflation my life-time - - inflation rates still higher than past and still above major foreign competitors - long-term CPI chart by old and new methods - home fixed mortgage rates 48% above 1950s to early 60s. A MUST READ 2. Energy Report - Declining U.S. oil production & reserves, soaring consumption and imports oil & natural gas - - more dependent than ever on others. A very serious issue. A MUST READ 3. Productivity Report - picture of 49-year results, long-term downward trend despite recent up-turn following revision to measurement criteria. 4. Family Savings - Americans have not saved so little since the depression of the 1930s - a spending binge & household debt build-up well beyond income growth, despite the 1990s economic 'boom'. 5. Statistical Revisionism & Wizardry - a danger to a nation? Since the mid 1990s many statistical measurements of our economy (inflation, GDP, productivity) and education quality have been revised regarding criteria - each 'pumping-up' data as if the nation is on economic 'steroids.' Now, there is almost no clean comparison with the past, to accurately know where we are and where headed. mwhodges.home.att.net

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