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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: gpowell who wrote (16859)2/6/2004 6:52:05 PM
From: Les HRead Replies (1) | Respond to of 306849
 
the methodology for constructing price deflators are considerably different from the reagan era. they serve to dampen inflation so that current real gdp appears stronger than if one were to use the older formulas. given the robust increases y-o-y this past two quarters, it wouldn't surprise me if Q4 2002 and Q1 2003 were actually recessionary quarters.