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To: MythMan who wrote (30647)	10/24/2000 10:37:55 AM
From: LLCF	Read Replies (2) \| Respond to of 436258

<I think the productivity gains are closer to the high end than the low end that folks like Grant talk about.> But by what argument?? Can you think of one argument supporting an adjustment by BLS? If not, I think you have to go with Grant's numbers. JMO DAK

To: MythMan who wrote (30647)	10/24/2000 10:38:28 AM
From: Mike M2	Read Replies (1) \| Respond to of 436258

MM, oh ye of little faith. I promise you tough love IN SIZE. Sounds like you need one of skeeter's therapy sessions for bears. The most difficult part of the timing of TL & EV is that AG & co. have fostered a bubble unprecedented in scope and I believe operations behind the scene help to maintain the bubble. Nonetheless they are doomed to fail. The bigger the boom the bigger the bust. I forecast the year 2001 will be the year of TOUGH LOVE! ( in size!)watch da buck ! Mike ho ho ho

To: MythMan who wrote (30647)	10/24/2000 10:55:16 AM
From: Earlie	Respond to of 436258

MM: The good doctor does tend to take the bone in his teeth and shake it to death, but there can be no question that he has systematically shredded the BLS BS. He also does so with facts and figures that are well researched. Until somebody better comes along, it is hard to fault his work. Personally, I think the U.S. stats are a joke. There have been some 32 revisions to the methods used to calculate inflation in the U.S. over the last few years. Every one of them reduces the inflation rate. Most of these methods are hare-brained. Take a look at how the productivity stats are calculated,.... especially as it relates to hedonic pricing (especially in PCs) and you will break out laughing. Sure there have been productivity gains, but nowhere near what the stats suggest. Profits, which are generally falling, also suggest that the stats are exaggerated. Best, Earlie