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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ramsey Su who wrote (46105)2/12/2004 8:41:51 AM
From: smolejv@gmx.net  Read Replies (2) of 74559
 
I look at the productivity as a quotient of GDP (goods produced) and Employment (hours worked). Given both (forward-looking) numbers will end up with an error of X%, then the quotient can unexorably expect a bar, double that. The fun part is AG discussing the influence of the result (productivity) on the employment (divisor).

Not to mention hedonic adjustments of GDP...

I always end up remembering that cartoon in New Yorker:

Twas brillig, and the slithy toves
Did gyre and gimble in the wabe:
All mimsy were the borogoves,
And the FED did 25 BPs

(the drawing of AG reading his minutes to the committee is missing, but I guess you dont need it - you can always switch to CNBC;)

Regards

dj
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