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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (2963)	7/7/2003 10:46:33 PM
From: yard_man	Read Replies (1) \| Respond to of 4913

>>It tells us the total revenues generated by a nation. << and that tells us what?? sorry ... doesn't seem terribly valuable to me.

To: zonder who wrote (2963)	7/8/2003 3:45:32 AM
From: Raymond Duray	Read Replies (2) \| Respond to of 4913

Re: Of course GDP is computed in terms of "prices", since we don't really have any other way of valuing products and services That's not even close to being the truth. Take a look at the "hedonics" practiced by the BLS, FRB and other worthy liars in the U.S. and you'll see that there is at least a 15% discrepancy between reported GDP and reality in the largest economy in the world. *********** Re: To answer your question of what GDP "tells alone tells us" - It tells us the total revenues generated by a nation. Like some of your detractors from the Right Wing Extremists, I'm beginning to doubt that you have the acumen and knowledge to be a fund manager. What you state is naive. Most of the reporting on GDP these days is "smoke and mirrors". If you were to mention Allan Greenspan's reliance on the econometric group at UP Wharton, I'd start to say you had some credibility. Your latest post indicates the opposite.