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To: Oeconomicus who wrote (140059)3/1/2002 8:16:00 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 164685
 
rd, picked this up off the clown thread... it goes over alan green "monetary" spam's great productivity manipulation - the FOUNDATION of the bubble...

news.ft.com

>>It is not just US companies whose figures are now in question. USA Corp capitalised much of its software expenditure, revalued that expenditure at the highest price it might ever have paid, calculated its profits without any depreciation of revalued assets and announced stunning results to its investors on the basis of these assumptions.

Who were its officers at the time? Bill Clinton, the former chief executive, may be spending more time with his family. But Alan Greenspan, who has repeatedly argued that US economic statistics should be more consistent with the optimistic reports of US business people, is still the chief financial officer.<<

btw, the article is far too nice as this manipulation actually double gdp growth and productivity during the "boom."