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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (16104)8/3/1998 6:57:00 AM
From: John Hunt  Read Replies (2) of 18056
 
Number's Don't Lie? The Government's Do

nypostonline.com

<< Williams has discussed methodology with the Commerce Department. These economist-to-economist chats (wouldn't you just love to have a recording of those for your collection?) led Williams to believe that only 10 percent of the first GDP estimate put out by the government are real numbers and 90 percent are estimates. The government says that vastly overstates the guesswork involved.

But Williams says that even the estimates aren't solid. >>

hmmm ......

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