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To: Joe NYC who wrote (164626)	4/26/2002 2:16:36 PM
From: Robert Douglas	Respond to of 186894

The reason I posted it is because it (GDP growth) was a surprise to me. I thought it was still in 0 to 2% range. Although not as bad as you were expecting, the economic growth reported in this morning's numbers isn't nearly as strong as it appears. Inventories were liquidated at only a $34 billion rate in Q1 compared to $114 billion rate in Q4. This adds $80 billion to the rate of change. Considering that final sales of domestic product only rose $88 billion, you can see how the lessening of inventory liquidation added to growth in the quarter.

To: Joe NYC who wrote (164626)	4/28/2002 3:42:13 PM
From: Ali Chen	Respond to of 186894

"I don't know. But the percentage represents not the amount, but a percentage. On average, I guess both benefited from the growth, small and large. The reason I posted it is because it (GDP growth) was a surprise to me." I guess it is not necessary to remind about the concept of percentage. The reason I asked was that I think it is important to know to what extent the factual GDP depends on stock market insanity. If the publicly-traded companies contribute 80-90% to GDP, I would worry very much. If the number is 10-20%, it is just a nice gambling, and nothing to worry about. Of course, it is not that simple since all businesses are interconnected, but anyway... It is strange I could not find a person who knows the answer. - Ali