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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (5665)	7/6/2001 9:53:08 PM
From: Ilaine	Read Replies (2) \| Respond to of 74559

>>savings is up, because spending is down<< That's the way the formula for calculating GDP works. It's a very blunt instrument. No damn good as a forecaster because by the time you know you're in trouble, it's already here. With all the posting about stupid economist tricks with GDP, you'd think it was really sophisticated, but it's not. I posted earlier in the week about something they are going to try to replace it with - GO (gross output). Message 16019801 The thing I've been watching is non-financial commercial paper outstandings. Dropping like a rock. Why? Are corporations not borrowing, or are they turning to other sources for funding? My guess is that it has something to do with lack of orders, and something to do with tightening credit standards. Both of which act as a brake on V. Watching V slow down gives me a bad, bad feeling.-ng- federalreserve.gov