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To: flatsville who wrote (59639)1/19/2001 9:45:20 AM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
Flats, that was offered up at Prudent bear as a sample of his work. it is not a complete reprint of the Dec. issue. I quoted some excerpts of his comments on hedonics. He has written about it at length for years. I suggest you read my notes agian and look at the Commerce Dept. survey of Current Business - they break it down between real GDP and Chain-weigthed GDP. I also furnished you with a link that has some figures from the Survey - search Grandfather economic page. The truth is there for those who wish to find it. mike



To: flatsville who wrote (59639)1/19/2001 10:36:45 AM
From: LLCF  Respond to of 436258
 
<You ascribe too much power to "hedonics" where the market is concerned. It is not the "cause" of the current problems. It is more a "symptom" which lends a supporting role.>

IMO the hedonics issue is more like hiding the clocks in the casino... not a symptom of, but and aid... or excuse... to keep serving drinks.

DAK



To: flatsville who wrote (59639)1/19/2001 10:44:56 AM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
Flats, you say credit creation is at the discretion of the Fed yet in 1998 for the first time ever more credit was created by nonbank sources. mike