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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (82417)	8/2/2007 2:01:20 AM
From: Lazarus_Long	Read Replies (1) of 306849

You miss the point, Lizzie- -intentionally, I think. The question of whether GDP is calculated correctly or not is not a partisan issue. If it's wrong, you fix it. But another matter you don't seem to understand is many economic numbers are inherently political. The Fed's target interest rate is one obvious one. Another is CPI- -COLA for many recipients of federal grants is tied to it. And CPI is so "rubbery" that you could practically give me any answer you wanted and I could get there- -fairly. What is or is not included in the GDP calculation and the weighting each item gets is the same. I don't remember you complaining about the way GDP was calculated when Clinton was cheering on the bubble to its inevitable crash. Only NOW do you want to raise the issue. These are MEDIAN incomes from 1990 to 2004: infoplease.com What was your complaint again? Here's 1982 to 2007: hud.gov (Estimated for 2007, obviously.) BTW, you never have explained that discrepancy between 0.2% and 1.0%.

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