Re: [PEN-L] Key Economic Measures Jumped in March - NYT

[Sandwichman]

Doug is right, I think. It looks like I misread the "includes" in the explanatory note to say "is". Although reading that note again, the point is ambiguous.

This doesn't vitiate my argument that you really have to drill down and recombine the published numbers to get a better idea of change over time. Instead, I would say it strengthens my suggestion that the meaning of the statistics is not transparent. Even the meaning of the explanatory notes is not obvious.


On 4/28/06, paul phillips <[EMAIL PROTECTED]> wrote:

I am a bit confused.  Tom replies that the figures are value added  and
Doug replies that they are gross.  Despite Tom's long discourse on the
figures, I accept that Doug is right. 

--
Sandwichman