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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (31274)1/9/2009 8:15:23 PM
From: TimF  Read Replies (1) of 71588
 
You -

"Absent the (inevitably temporary) mortgage equity withdrawals from the RE bubble, the US's Real GDP was averaging well below 1.5% growth"

Message 25309517

My reply - You should subtract the temporary benefit unless your going to add it back when that temporary period ends and you lose the previous gain.

We have negative growth now, that temporary gain is gone. If your going to add in the recent negative growth, than you can't reasonably also subtract the "temporary" part from the previous positive growth, but you did.
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