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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (1132)	9/14/2000 10:12:40 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 65232

not 1 in 50 investors has EVER heard of hedonic pricing and the MASSIVE impact it has on gdp growth and productivity (more than doubling it). NOBODY is told that comparing current productivity data to older data is an apples and oranges proposition. i would argue that if computers created so much productivity then there it would show up in the numbers w/o goosing the numbers. in addition, i do not believe a computer with twice the 800 mhz is twice as valuable as as a model with 400 mhz. mhz doesn't help you type faster. sure, in a small % of application it might come close, but not in the majority. is it right that 1-2% of the economy hedonically (read, not real) accounts for 50% of gdp growth? is that rational? again, if computers truly increase productivity and this is a new era then said productivity increases would show up in real numbers, imho. they don't. haven't heard this discussion on cnbs ;-) the clinton administration will be forever remembered as a period of mass manipulation at some point in the future - probably after the economic house of cards falls hard. ps - alan.com disagrees w/ me, too. i would feel better if this topic were openly propegated. it isn't. makes me kinda wonder if this is a manipulation to keep "it's the economy, stupid" phrase intact for an election...