To: Real Man who wrote (6758 ) 5/2/2008 2:10:13 AM From: stan_hughes Read Replies (2) | Respond to of 71409 The unreal real is making it more expensive every year to do the Rio Carnaval thing, but J6P is not bothered by this -- between handicams and high-def monitors, staying at home is almost like being there Case studies of economic activity like this would seem to justify using hedonic valuation, where GDP materializes out of the ether based upon increased consumer efficiency or enjoyment of things despite the fact that they didn't buy, don't have, and can no longer afford them because the trading value of US currency keeps marching toward confetti status. In our Rio example, it doesn't matter that J6P did not purchase a travel package to go to Brazil, because he enjoyed virtually the same effects by staying at home in his rec room or trailer watching the best parts on DVD, which the federal government hedonicly values and reports as 3.7% growth in output in the service sector Thanks to hedonics, most people stateside still think they have an economy, and have learned to sit back and relax and let "the little countries" do boring stuff like build ships or produce oil to generate their share of global GDP, while the US sits at home drinking Budweiser and watching naked Brazilian chicks on a nice 10,000:1 contrast ratio 52" HD screen without even having to bother opening the mail with the OVERDUE stamps on it -- everything's good PS -- Better buy some US stocks before they all double by Memorial Day. And don't worry if you don't have any money, just get one of those new Capital One Cabala credit cards with the $100K line and 0% teaser rate and get a cash advance -- it's not like anybody is ever going to make you pay it back, the Fed's got everybody covered.....