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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: 4figureau who wrote (3610)	3/6/2003 11:03:07 AM
From: Jim Willie CB	Read Replies (1) of 5423

saw interview on CNBC of Harvard Economics professor Dale Something bright sounding guy except for his Keynesian blinders and his absurd acceptance of national productivity data doesnt anyone have the guts or sense to ask these economists why we multiply by 3-5 all capex equipment purchase figures in order to lift productivity from 2% to 5% and why we shifted software over to capex, which thus allows an added multiplier by that same 3-5 Dale called the 2002 year "a remarkable increase in productivity" interestingly, CNBC's Liesman countered him and asked "so tell me why this hasnt translated into either job increases or profit increases?" Dale replied with some confidence that fiscal stimulation will finish the job already started what bullshit !!! has this Harvard Professor ever heard of Kondratieff Winter ??? I think not Liesman is emerging as a bright economics reporter he is asking tough questions, and stumping his guests the trouble is, his guests arent aware of their own ignorance, nor of the fact that they are being embarrassed / jim

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