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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (177719)1/19/2009 2:15:40 AM
From: Skeeter BugRead Replies (2) of 306849
 
Lizzie, let me clarify using micron tech as an example (a dram manufacturer).

during the 1990s until present, their unit productivity increases have been *amazing*. simply stunning.

but unit productivity doesn't add to GDP, rather, increases in one's ability to produce dollars does.

would you be startled to know that micron frequently quadrupled output only to lose more money as a company? why? increasing productivity meant increasing output and this drove down dram prices.

there is no doubt that unit productivity increased dramatically in many cases. just like dram mfging, though, supply and demand reduced the price per unit and GDP essentially increased just a little bit.

this is a fact. the marginal dollars weren't lost anywhere, they just didn't exist.

so greenspan faked the numbers (hedonic pricing and chain weighted dollars).

again, fact.

if things were as you allege, there would be no need to fake the GDP numbers, now would there?
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