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

To: GraceZ who wrote (37969)	8/15/2005 4:20:27 PM
From: Moominoid	Read Replies (1) \| Respond to of 306849

I know the guys behind the GPI. In fact I met up with some of them again just 3 weeks ago in Tacoma :) GPI a very flawed indicator. The correct ways to do what they want to do are out there in the academic literature, but hard to calculate/estimate of course. The Ecological Footprint is even worse. If you sell the car off-market and fix it yourself then probably that value isn't in the GDP. But there are lots of imputations in the GDP to try to capture these things, like the owners' equivalent rent etc. And to try to capture the stuff that isn't captured we have 3 different ways to compute GDP: income, expenditure, and production. Every end product is a combination of good and service as the selling is a service, and that always has been. Apart from a few well data mainly from financial markets all other numbers in economics are just estimates, some better and some worse...