Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: LLCF who wrote (3471)	8/22/2003 10:57:03 AM
From: Eva	Read Replies (1) of 4904

Strotsky: Stuff you'll like to hear: Date: Fri Aug 22 2003 10:48 trotsky (frustrated, 8:12) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved as Dr. Richebaecher keeps reminding us, the alleged 'growth' in the US GDP is laregely a statistical artifact, stemming from hedonic indexing. the distortions are VAST. nominal spending growth for IT is blown up by a factor of 15 ( ! ) for the 'real' GDP growth figures. so if a business spends $1,000 on a PC, it looks like $15,000 were spent in the GDP. it's all a lie and mirage. therefore, the data are not comparable to the European data. also, US GDP growth data are always annualized, which makes them look much bigger again than they really are. in short, there is no recovery, only a lot of arm-waving.

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