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


To: Hawkmoon who wrote (87232)12/19/2000 7:18:31 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 132070
 
>>I believe the equation for determining productivity is economic output revenue and earnings)<<

ron, "economic output revenue" sure sounds like gdp to me. am i missing something? earnings are not individually factored is as far as i know.

>>So are you saying that AG is lying about the amount of products being sold or the number of hours being worked by hourly wage earners?<<

that depends on what you mean by "lying?" ;-)

seriously, boosting gdp growth by 100% using a non economic statistical jury rig turns gdp ("economic output revenue") growth into a non economic measure ("50% economic / 50% non economic output revenue").

ron, you see, when close to real economic numbers were growing at 2-3% while unemployment was dropping, productivity looked drab. alan.com and company KNEW (with no supporting evidence) that the economic numbers were wrong b/c computers were great for productivity (have you ever heard of paradigm paralysis? - it is a terminal disease of certainty).

so, alan.com did the reasonable thing and tried to figure out why his massive i.t. induced productivity paradigm wasn't reflected in true economic numbers. NOT!

alan.com just changed the numbers to "prove" his i.t. productivity paradigm was correct. the whole world sees these numbers and screams of a "new era" and makes stupid decisions based off erroneous information.

what a joke.



To: Hawkmoon who wrote (87232)12/19/2000 8:10:19 PM
From: Mike M2  Read Replies (1) | Respond to of 132070
 
Ron, more on hedonics scroll down a bit financialsense.com mike