Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (153715)	2/27/2002 12:16:29 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

can there be too much FUDGE?? <vbg> Greenspan: Productivity Data Too Strong To Be Credible WASHINGTON -(Dow Jones)- Recent data that show productivity has continued to climb despite the economic slowdown are likely "exaggerating" the underlying productivity trend, Federal Reserve Chairman Alan Greenspan said Wednesday. "The numbers look just too large to be credible," Greenspan said, answering questions from the House Financial Services Committee. Non-farm business productivity grew at a seasonally-adjusted annual rate of 3.5% in the fourth quarter, its fastest pace since the second quarter of 2000. Those fourth-quarter numbers are likely to be revised even higher, Greenspan said. "At this particular stage, unless average hours worked rises very sharply in the February-March data or payroll numbers rise significantly, we're going to have a very large increase in the first quarter," Greenspan said. "While I doubt very much that they will be representative of the true underlying trend, they do nonetheless confirm that the long-term trend of productivity has managed to sustain itself through these very difficult times of say, the second quarter of 2000 to date. That doesn't necessarily mean it will continue," he added. Greenspan has long championed the "New Era" view of the economy that the sharp improvement in productivity in recent years is more structural, rather than cyclical, in nature. He has often argued that this more permanent productivity improvement has allowed the economy to grow faster without sparking inflation. "The real-time data are really quite impressive," Greenspan said of recent productivity numbers. -By Deborah Lagomarsino, Dow Jones Newswires; 202-862-9255; deborah.lagomrsino@dowjones.com (This story was originally published by Dow Jones Newswires)

To: Mike M2 who wrote (153715)	2/27/2002 12:16:59 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

He avoided the answer he BS'ed about something else and I think responded that comparison to Enron and US treasury is incorrect ........... geeee that was his response that the US debt is counted as assets on the FED's balance sheet .......... oh well I do not remember who appoints the Secretary of Treasury who issue the debt and who appoints the FED Chairman. Definitely different entities <GGGGGGG> so based on AG testimony today Enron's partnerships was nothing more than mimicking the FED