On Wed, Sep 29, 2004 at 03:22:45PM -0500, Dan Minette wrote: > If anyone sees a mistake in my reasoning, please tell me. While I > don't like being mistaken, its better to be corrected than to stay > mistaken.
Sounds reasonable to me, but I'm not familiar with the details of how they calculate the capital. One of these days I am going to have to dig into the NIPA's (national income and product accounts) and see how they account for everything. Another thing worth keeping in mind (although I don't think it affects the data you looked at since it starts in 2003) is that recently there have been incentives given to business to expense capital and accelerate the depreciation on it (to encourage investment). It could be interesting to see if this is discernible in the total fixed assets account of the NIPA's. -- Erik Reuter http://www.erikreuter.net/ _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
