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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (26124)	1/25/2003 1:56:07 AM
From: LTK007	Respond to of 30712

<<it's a government number. enough said.>. well i am satisfied it is a governmemt number greeted by a department that does not get a phone call in the middle of the night that says "we want this number, we don't want any unfortunate job displacement at BEA,capeeesh.":) As to the formulas and ways of arriving at the number seems to be a flaw that is their consistently from Quarter to Quater, Administration to Administration. The problem is it can take years to settle on a final number for any given quarter. I suspect the object is to get "a in the ballpark figure" for each quarter and the natural tendency of americans to look at the brighter side leads to the number coming out to the more positive side(that the inherent built into the U.S.Bureucracy is to slant to the "smiley" side when ever possible). So say this GDP comes in at 0.5%, there is a decent chance it was 0.0%. In the year 2000 i saw a final revision for the late 90s that was below that reported previously, i can't state what the correction was i as have only the memory of what i read and don't want to pin it down, but i feel saying it was overstated by greater than 0.5% is not amiss. Max