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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (5659)	2/19/2002 2:09:25 AM
From: Moominoid	Respond to of 33421

Quite possibly... Here is the Dow: cres.anu.edu.au and more recent NDX: cres.anu.edu.au David

To: John Pitera who wrote (5659)	2/19/2002 12:04:03 PM
From: Hawkmoon	Respond to of 33421

Treasury Secretary O'Neill said yesterday that the 3.5% productivity growth in Q4 suggests that "the US is in a different league than almost all other countries in the world." Yeah... that's because US corporations have fewer restrictions against firing non-productive employees, unlike our Japanese and European counterparts. And I suppose that's "a good thing" (except for those who get laid off, and the remaining staff who have to perform double duty to preserve their own jobs). But eventually it becomes a vicious circle if unemployment rises and the consumer base shrinks. I tend to trust the numbers since they seem to be drawn from fairly solid data (products produced divided by hours worked). But we have to keep in mind the data behind those numbers. Correct me if I'm wrong about the variables that go into that productivity number.. Hawk