RE: Q4 Sunbeam
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
RE: Q4 Sunbeam
Uh. My jawis on thefloor. I guess my excuse is that THEY -- the breezy upbeaters --didn't tell me. But that's no excuse, really. You reallymean we're in a DEFLATIONARY recovery? Oh, that doesn't sound like fun at all. This puts a whole new spin on the comments of Diane Swonk, chief economist at Bank One: ``We are well positioned for a recovery here,'' said Diane Swonk, chief economist at Bank One in Chicago. ``We almost have to look back and call this a recession-ette, rather than a recession,'' Swonk said. Max Sawicky wrote, you left out the fun part. Nominal GDP actually fell,but the price level went down more (3/10's%). We'rein a deflationary recovery. Will wonders never cease. Tom Walker
RE: RE: Q4 Sunbeam
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 it's not _really_ deflation until it's sustained for a few quarters and money wages start falling too. That's when the shite hits the thermantidote! Jim Devine
