Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: JBTFD who wrote (17081)	3/20/2002 2:56:36 PM
From: AC Flyer	Read Replies (2) of 74559

>>The difference between you and me is you want to believe, so you are willing to take at face value some article presenting your world view.<< Oh, so that's the difference between you and me. I see. The bears carry the burden of proof right now, imo. Open a newspaper, turn on a computer, it's right there in black and white - the economy is growing like stink. And that's in nominal dollars. In periods of deflation, GNP growth in nominal dollars understates actual growth measured in real (inflation-adjusted, or in this case deflation-adjusted) dollars. 5% nominal growth plus 2% deflation equals 7% real growth. There's something to chew on.

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