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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Frodo Baxter who wrote (881)	10/11/1998 5:47:00 PM
From: N	Read Replies (1) of 3536

...obviously productivity comes out as a residual. Well, quality adjusted hours may or may not vary significantly cyclically...leaving the residual assumed to be productivity... seems uncharacteristic lack of caution on AG's part...but what else does he have to cheer us on? Lawrence, this inflate a little thing in Japan...can you explain this a bit or is it in some work on your web site? There is some rise in prices where folks well sell, banks' balance sheets look better, M3 is up and happier consumers buy? Are there any examples of a happy little monetisation... Speaking from ignorance... Nancy

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