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To: Tradelite who wrote (144601)1/18/2002 9:55:35 AM
From: Earlie  Read Replies (2) | Respond to of 436258
 
TL:

How many times do you think the calculation methodology for computing inflation has been changed in the last few years? And how many of those changes might you think caused the inflation rate derived to be lower than the rate its predecessor methodology would have come up with?

And do we want to even open up the GDP can of worms? If we do, it would be fun to discuss the remarkable impact "hedonic pricing" has imparted to the supposed growth of both GDP and productivity in the U.S.

Best, Earlie



To: Tradelite who wrote (144601)1/18/2002 2:36:04 PM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
trade, this is from memory -some years ago the BLS decided to reduce the sample size and dropped some urban areas of chronic high unemployment. I have read that over half of the jobs created during the "new error" were simply estimates of jobs created by small businesses- if you don't believe that the BLS wanted to err on the high side to please the politicians you are naive. mike


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