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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (35455)	6/27/2003 9:40:39 AM
From: Perspective	Read Replies (3) \| Respond to of 74559

That's enormous if it's true! Where in the world are the responsible economists at that should be claiming this for what it is?!? A $15B exaggeration, assuming it's an annualized number, amounts to a 1.5% overstatement of GDP growth! It would be responsible for the entire reported growth - meaning we in fact were contracting again last quarter. Does anybody know if that $15B is annualized, or just a quarterly number? If it hasn't yet been annualized, then it is truly scandalous. BC