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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (53062)2/8/2006 10:55:17 AM
From: mishedlo  Read Replies (4) | Respond to of 110194
 
It is exactly correct?
What is exactly correct?
The basic idea in the article that I gathered was the economy was strong because it undercounted R&D.

That is simply a stupid proposition.
More hedonic BS.
Much of that R&D will not produce anything useful, and even if it does it will show up in the GDP in due time down the road as products and services.

The article wants to count the chickens before they are hatched, then count them again after they are hatched. It is screwy.

Perhaps you are agreeing with something else that I did not see.

Mish



To: GST who wrote (53062)2/8/2006 12:13:43 PM
From: GraceZ  Read Replies (3) | Respond to of 110194
 
Unfortunately our ability to organize life in America (including our political life) around this central reality falls hopelessly short of what will be required to sustain our ability to thrive

The enduring feature of capitalism is that it doesn't require politicians to organize productive activity, it simply requires them to get the hell out of the way of what people do naturally.


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