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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (47706)	3/7/2002 6:34:24 PM
From: Steve Lee	Read Replies (2) \| Respond to of 64865

The INTC call on Windows Media Player was pretty clear. I distinctly heard them say "We see no evidence of any signs of recovery in our business". If I had to choose between believing Greenspan or Intel, I would choose the one not on the govt payroll. Are we ready for the double dip?

To: Charles Tutt who wrote (47706)	3/7/2002 7:15:18 PM
From: Steve Lee	Read Replies (2) \| Respond to of 64865

CT, I have found the info about govt spending accounting for the "rise" in GDP on the dept of commerce web site. Very interesting to read how the various factors affect the final figures in both versions of the estimates. The gov deception of the people is really quite something. Too bad most of the people don't read the releases and the technical notes, but prefer to accept the headline numbers in zombie like fashion. bea.doc.gov "The upturn in real GDP growth in the fourth quarter reflected accelerations in PCE and in government spending, and a smaller decrease in exports that were partly offset by larger decreases in inventory investment and in nonresidential fixed investment, and a downturn in residential investment. There was also a smaller decrease in imports in the fourth quarter." bea.doc.gov "Other newly available source data for December that contributed to the upward revision to GDP include Census Bureau data on manufacturers' shipments of complete aircraft, Census Bureau data on exports of goods, and Treasury Department detailed outlays data (for federal spending)." Note also that the govt uses "chained dollars" when making up, er, I mean reporting, GDP. This spreadsheet from the depths of the dept of commerce website illustrates how GDP growth in real dollars for last Q is not as great as when calculated using the fictitious "chained dollars" bea.doc.gov