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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (36510)	10/14/2000 5:17:50 PM
From: Skeeter Bug	Respond to of 64865

charles, nope. gdp is supposed to be an economic measure. hedonic pricing measures noneconomic factors and turns them into "dollars." btw, a billion hedonic "dollars" and $0.50 won't buy you a cup of coffee at starbucks. ;-) if computers improved productivity so much then it would show somewhere in the economic chain - either in the purchase of computers themselves (higher prices) or in whatever economic process that they made so much more efficient. it didn't. gdp was growing at "old economy" levels. not acceptable. change the numbers. voila, "new economy." wrt the article, i'd bet (again!) the argument was that 401k type money wasn't counted as savings. i think there is some validity to this. however, retirement plans in the past were not counted in the past as savings either. in the old days there were pension plans. not counted. not many pension plans now, but lots of 401ks. not counted. apples to apples. its interesting that you have to interpret the article to say that actual (as opposed to measured) savings rates are going up. they nust not have said it ;-) what they probably said is that 401k values have been going up (bubble market, anybody? ;-) that is true. however, i don't believe 401k appreciation or depreciation should count as savings b/c it isn't and things change very quickly (up and down). including that 401k appreciation and depreciation would provide wild swings for the savings rate and make it just another stock market measurement w/ minor blips from actual savings input / output. perhaps a metric should be developed for 401k values apart from savings. your belief that the article is stating savings is actually increasing doesn't mesh with the fact debt and credit is exploding. or, do you interpret the article as saying debt is being reduced? ;-) jmho. nice up move on the naz. we do live in interesting times!