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Gold/Mining/Energy : A to Z Junior Mining Research Site
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To: 4figureau who wrote (4635)6/2/2003 12:02:29 PM
From: Jim Willie CB  Read Replies (1) of 5423
 
new trend in productivity reporting is to back out deceit
USGovt econ reporting now is rewriting the fraudulent calculations that resulted in spurious 4-5% productivity growth
it has never been more than 2.0% all thru 1990 decade
the reporting is backing out all the crapp deceit
like double and triple counting capital equipment purchases
calling software sales cap equipmt and doubling that
double counting PC sales because they run faster is nonsense
it does help productivity some, but with most people I know, it usually means more time staring at the screen wondering what the next step should be
instead of waiting for PC's to complete tasks, watching and waiting in frustration, there is more time to go to the bathroom, or daydream
federal officials realized their deceit and are removing it
good for them
but the back revisions will take time

the New Economy had many pillars, as I see it:
1. easy funding from Fed Reserve and foreign investors
2. rising USDollar
3. secret depletion of US Gold treasure
4. fraudulent corporate accounting
5. fraudulent USGovt accounting
6. deceptive USGovt economic reporting
7. lax legislation and enforcement of laws
8. running truckloads of financials thru offshore loopholes

boomtimes are over, campers
now the reality of economic and financial crimes
/ jim
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