Comments on: On Fictitious Government Statistics (4.9% GDP Growth Edition) http://www.nakedcapitalism.com/2007/11/on-fictitious-government-statistics-49.html Sun, 22 Nov 2009 07:56:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2007/11/on-fictitious-government-statistics-49.html#comment-1984 Anonymous Fri, 30 Nov 2007 02:34:00 +0000 http://www.nakedcapitalism.com/2007/11/on-fictitious-government-statistics-49-gdp-growth-edition/#comment-1984 " The main difference between the two gauges last quarter was corporate profits, which GDI includes and GDP excludes. Corporate profits from current production fell last quarter. GDI also doesn’t explicitly include net exports and inventories, as GDP does. GDI, in contrast, relies more heavily on employee compensation data. "<br/><br/>Gee. I'm glad we got that straight.<br/><br/>Not a particularly robust analysis from these sources. ” The main difference between the two gauges last quarter was corporate profits, which GDI includes and GDP excludes. Corporate profits from current production fell last quarter. GDI also doesn’t explicitly include net exports and inventories, as GDP does. GDI, in contrast, relies more heavily on employee compensation data. “

Gee. I’m glad we got that straight.

Not a particularly robust analysis from these sources.

]]> By: Independent Accountant http://www.nakedcapitalism.com/2007/11/on-fictitious-government-statistics-49.html#comment-1983 Independent Accountant Fri, 30 Nov 2007 01:08:00 +0000 http://www.nakedcapitalism.com/2007/11/on-fictitious-government-statistics-49-gdp-growth-edition/#comment-1983 I concluded the CPI was "fixed" about a decade ago. Remember the Boskin Commission in about 1997 which reduced the CPI by 1.3% annually? I guess the CPI UNDERSTATES inflation by about 2-3% per year. Therefore the GDP numbers are similarly overstated. The inflation statistics are a joke. I concluded the CPI was “fixed” about a decade ago. Remember the Boskin Commission in about 1997 which reduced the CPI by 1.3% annually? I guess the CPI UNDERSTATES inflation by about 2-3% per year. Therefore the GDP numbers are similarly overstated. The inflation statistics are a joke.

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