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

To: Lizzie Tudor who wrote (21339)	6/4/2004 1:27:36 PM
From: gpowell	Read Replies (1) \| Respond to of 306849

The economist does not agree with you. They posted an article that offered an unconventional view as to why job growth lagged the reported GDP growth. The author was a brokerage house economist. The point is you discount any statistic that disagrees with your personal experience whether they are government supplied, or industry supplied. Rather than constructing a counter argument based upon logical reasoning, your usual tactic is to undermine their credibility by questioning their personal stake in the report. You do the same thing on these boards to posters who disagree with you – this is known as an ad hominem argument, which usually indicates a weakness. However, it could also indicate, simply, a lack of training in constructing and presenting an argument. This is why many doubt your background includes mathematics. One man's high tech is another's low tech. The conversion from agriculture and agricultural related industries, to heavy industry such as shipbuilding, to hi-tech manufacturing based on vacuum tubes, to high tech based on transistors, to high tech based on integrated circuits, to high tech based on software, to high tech based on information processing has taken approximately 60 years. There are still remnants of every one of those industries in the area if you care to look. At the same time, the Bay Area has supported a major financial industry, biotech industry, import/export industry, tourism, and many other industries. You cannot point to one of those and assert that any one of them was responsible for the conversion of farmland to housing.