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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (47706)3/7/2002 7:15:18 PM
From: Steve Lee  Read Replies (2) of 64865
 
CT, I have found the info about govt spending accounting for the "rise" in GDP on the dept of commerce web site. Very interesting to read how the various factors affect the final figures in both versions of the estimates. The gov deception of the people is really quite something. Too bad most of the people don't read the releases and the technical notes, but prefer to accept the headline numbers in zombie like fashion.

bea.doc.gov

"The upturn in real GDP growth in the fourth quarter reflected accelerations in PCE and in
government spending, and a smaller decrease in exports that were partly offset by larger decreases in
inventory investment and in nonresidential fixed investment, and a downturn in residential investment.
There was also a smaller decrease in imports in the fourth quarter."

bea.doc.gov

"Other newly available source data for December that contributed to the upward revision to GDP include Census Bureau data on manufacturers' shipments of complete aircraft, Census Bureau data on exports of goods, and Treasury Department detailed outlays data (for federal spending)."

Note also that the govt uses "chained dollars" when making up, er, I mean reporting, GDP. This spreadsheet from the depths of the dept of commerce website illustrates how GDP growth in real dollars for last Q is not as great as when calculated using the fictitious "chained dollars"

bea.doc.gov
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