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To: Paul Berliner who wrote (1736)6/8/1999 9:01:00 PM
From: X Y Zebra  Read Replies (1) | Respond to of 3536
 
Colombia, the world's leading producer of cocaine, has decided to include income from illegal drugs in official calculations of its gross domestic product, authorities said on Tuesday.

Finance Minister Juan Camilo Restrepo said the move is part of a new formula for estimating GDP adopted by the state-run National Statistics Department (DANE).


He must be an economist who graduated from L.S.D. er, no LSE [sorry]

HA HA HA HA HA HA HA.....

<snip>

''The people who live off this were spending money but they had no (official) income,'' Urdaneta said, referring to the many peasants who farm land under drug cultivation. ''These people do, in fact, have an income and if no estimates are made about where it comes from you create a lot of imbalances,'' he said.

So now, their lives will be more "balanced"... since the income has now been made "official...." HA HA HA HA HA HA HA

Hey.... wait a minute.... Don't laugh so hard...

Now we have the explanation for the Internut stocks valuation...
All the buyers are on Cocaine....

Forget p/e or other foolish method, let's import more of the stuff, and then buy with abandon, as soon as the imports "trickles down" !!!

I wonder where Juan Valdéz is... ?



Member 7507912

Thank you Paul... great find !