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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: JF Quinnelly who wrote (64886)	7/20/1999 9:48:00 AM
From: Mike M2	Respond to of 132070

JF, no actually backing out the chained numbers shows that the economy is weaker than reported and the productivity rate is lower than reported. Even with the manipulated numbers this current" boom" pales in comparison with the booms of the 20s in the US and Japan in the 80s. In the past booming economies had high savings rates, higher productivity growth, trade surplus, high investment rate in the real economy-i.e. industrial capacity . In the 20's the US gov't had budget surpluses from 1920-29 and reduced the national debt by 1/3 . Richebacher lists for $497 but I think you can get it for $400. It is worth many times its price. Call them for a sample each issue is 12 pgs. Mike