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

To: Box-By-The-Riviera™ who wrote (172019)	6/11/2002 11:21:41 PM
From: 10K a day	Read Replies (1) \| Respond to of 436258

propergander...dude...hit me!

To: Box-By-The-Riviera™ who wrote (172019)	6/11/2002 11:49:36 PM
From: Secret_Agent_Man	Respond to of 436258

While Washington is in the mood to clean up financial reporting, they may want to look at themselves. Month after month we get a new set of numbers showing the economy is improving. The unemployment numbers go down while job layoffs increase. It might be helpful not to assume, because an unemployed workers’ unemployment benefits that have expired shows that he has become hypothetically employed. The Labor Department might also want to examine its reporting of steadily rising employment as it reports sharply falling hours that have been worked within the economy. The two numbers contradict each other. Then there are the hedonically indexing technology sales, such as computers. During the last six months of 2001 and the first quarter of 2002, business spending on computers rose from $78.5 billion to $83.4 billion, an increase of $4.9 billion. Hedonic pricing turned that $4.9 billion actual spending increase into $44.4 billion in the GDP numbers. The problem was that no company received orders of that magnitude. We now have GDP numbers that are created out of thin air.