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Strategies & Market Trends : New US Economy Policy -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (260)	3/2/2001 7:32:47 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 435

What is the difference between the new economy and the top down economy? How can FEDs be reformed? Any text book of the top down economy will measure the productivity of any society. It is measured in local or any hard currency for comparison reasons. The productivity is in real merchandise. Total grains, meat, metals, clothing etc. then add imports. It is but a small percentage of the total economy in an advanced society(2 percent of jobs is in farming, 15 percent in manufacturing). The new economy is based on demand side economy, therefore, the total economy is measured by the currency that was exchanged by the population in a calendar year. The non merchandise products and services that created jobs and provided money to spend in an economy must be included. ie., banking, insurance, entertainment, wholesale, retail, service industry(33% of our jobs in Framingham, Ma.; the rest in nonservice jobs), etc. Thus the total economy can be summed up by the results of all companies then add the personal income from individuals. This can be done partially by company annual reports and personal income withholdings. The answer multiplied by a timely function defining the constant(these are mathematical terms) will take out the inaccuracies. With our internet access and accounting ASPs and Government data, monthly summaries can achieve a measure of economical data that will be assured to project economy and its activity to three months in advance by the data of accounts receivables and accounts payables of all companies added together plus "book and bill ratio". This data may be available if loan officers of any bank will request monthly balance sheet and profit and loss statements from their customers. Leading indicators will be replaced by book and bill ratio. The Federal Reserve Bank has to be reformed to manage our economy better by real data. New Federal Reserve Bank chairman has to come from the information management field, not just banking field.