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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (47720)3/8/2002 7:57:41 AM
From: Steve Lee  Read Replies (1) of 64865
 
"chained" 1996 dollar GDP numbers are LOWER than the unchained current dollar numbers, as are the most recent yearly and quarterly deltas. That suggests things would look even brighter if the unchained numbers were used.

Look again.

Using real numbers gives last quarter an annualised GDP rise of 1.11% as opposed to the fictitious number of 1.39% that hit the headlines. But the real numbers are not adjusted for inflation, whereas the chained numbers are.

So last quarter, when the Govt tells us that GDP bounced back whoopee doo, what actually happened is that it rose less than the rate of inflation. So that would make two consecutive quarters of negative GDP growth which is called a R________

What amazes me is that the financial press/analysts make no mention of this. The dark truth is that Enronitis is rampant in the govt.
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