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To: Lizzie Tudor who wrote (65707)7/2/2004 12:28:04 PM
From: Proud_Infidel  Read Replies (1) | Respond to of 77400
 
Do you believe we had 7-8% GDP In the USA in the fall of 03?

I cannot answer this as I do not know....and I am sure the govt. numbers are off somewhat. How can they accurately gauge such a thing? But I am not going to say they were far off; I dimply do not know. I do know that S&P earnings should(could) be at a record this year. And you say we have no growth?



To: Lizzie Tudor who wrote (65707)7/2/2004 1:00:20 PM
From: RetiredNow  Read Replies (1) | Respond to of 77400
 
Aggregate Demand is calculated as follows:
Consumer Spending + Business Spending + Gov't Spending - Taxes

and then there's a multiplier effect.

So no where in that equation do I see jobs growth. It simply is not part of the equation.