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Politics : Politics for Pros- moderated

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To: John Carragher who wrote (17895)	11/27/2003 7:21:25 AM
From: LindyBill	Read Replies (2) of 793824

I really miss John when I have this kind of Ammunition. He loves Krugman. WHERE’S THAT CAT? A few weeks ago on NPR’s Marketplace, Paul Krugman seemed astounded by the news that GDP in the 3rd Quarter had grown by 7.2% growth: …something is wrong. I -- I -- I have to say, we -- all of us who watch this sort of thing -- and this is -- this is wearing my professor hat...are just scratching their heads and saying, 'Is there something wrong with the data? And if so, which part of the data?' …We seem to have gone into the Twilight Zone. We don't know quite what's going on." Well, yesterday we learned that the revised GDP number is 8.2%. Today we learn that weekly jobless claims dropped again, by 11,000 from the previous week, and by 10,000 for the four week moving average. That cat is going to have a long, hard fall back to earth! dhogberg.com

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