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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (20417)	12/18/2003 8:50:59 PM
From: gamesmistress	Read Replies (1) \| Respond to of 793684

Stop reading krugman--you will feel better. Take two kudlows and call me in the morning. LOL! OK, Doc!

To: michael97123 who wrote (20417)	12/18/2003 9:49:31 PM
From: MSI	Read Replies (1) \| Respond to of 793684

The problem is that hedonic crap (see Jim Grant's comments below) And dont forget if you buy into the investement in capex, someone produces those products and someone has money to spend etc. LOL! Good one. Just remember, Kudlows are properly taken with many grains of salt. If you followed his recommendations too closely you'd have been broke last year. What a shill... Like a stopped clock he's right sometimes, and may be right now, up to a point. My investments have done much better avoiding cheerleaders like that. Stop reading krugman--you will feel better. Take two kudlows and call me in the morning. cumber.com Grant on Hedonics: “So what effect does this scenario have on the statistics? For one thing, obviously, inflation will be under-stated, because the government aver-ages a lot of huge price drops for com-puters that really only had small price drops. The other side of the coin is that growth will be overstated. ... Therefore, real output growth, and anything derived from it, is overstated. Productivity appears to be growing quickly, and anything ‘real’ in the national accounts—real GDP growth, real profit growth, real con-sumption growth, etc.—is actually less sources: James Medoff and Andrew Harless