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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.08+0.1%Nov 7 9:30 AM EST
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To: RetiredNow who wrote (65334)3/30/2004 11:58:25 PM
From: Lizzie Tudor  Read Replies (1) of 77397
 
did you read the businessweek article that GDP is potentially overstated? We all know that it is mindmeld. 7% GDP with no jobs and deficits galore at the state and federal level just isn't believeable.

As far as 150K jobs/month, that is half of the last recovery. But I'll take what I can get at this point. I think we have about 2-3% GDP personally. My belief is along the lines of the BW article, that outsourced work is being counted with US GDP. No way to prove it, but thats sure what it feels like.
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