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To: KyrosL who wrote (17020)9/10/2000 1:01:12 AM
From: LLCF  Respond to of 436258
 
"Well, according to the Barron's article"

Hello... the part that you point to used ONE QUARTER of data:

<Well, sorry, but U.S. growth in the second quarter vaulted 6.0% -- and, without hedonic assistance, at least 5.7%. Similarly, second-quarter year-on-year productivity growth jumped 5.1% -- and without hedonics, about 4.7%. Hardly enough to ruffle the feathers of the average currency
trader>

<<That's a 0.3% effect. So somebody is wrong here.>>

No, actually one thing wrong here is some folks that read the article are going to assume that the above means anything. I mean he looked at ONE quarter??? What a lazy sack... you'd get laughed out of 6th grade science for that! Secondly the year over year was actually .4 difference out of about 5% growth... that's almost a 10% goose in productivity... if you extrapolate that over many years it's seems meaningful to say the least.

DAK