you left out the fun part. Nominal GDP actually fell, but the price level went down more (3/10's%). We're in a deflationary recovery. Will wonders never cease.
mbs -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of Tom Walker Sent: Wednesday, January 30, 2002 11:16 AM To: [EMAIL PROTECTED] Subject: [PEN-L:22093] Q4 Sunbeam Surprise! Surprise! GDP rose in the fourth quarter by a breathtaking 0.2%. 0% financing on new car sales have raised the yankee economic chin just millimetres above the bar. Huzzah! Huzzah! Buy! Buy! Happy days are here again! Prosperity is just around the corner. We see the recovery Sunbeam* at the end of the recession tunnel. *Hint: Chainsaw Al, rebates, Arthur Andersen Tom Walker
