Looks like a silly right-wing site. Featured with the Greenspan rumour is
Friday's Dresdner bank forecast of a 1.5% productivity revision. The
productivity revision is out and it's 2.5%. So much for the Apocalyse. Maybe
some folks went on a shorting binge and are hoping to start a stampede
before
Tom Walket writes:
... Featured with the Greenspan rumour is Friday's Dresdner bank
forecast of a 1.5% productivity revision. The productivity revision is
out and it's 2.5%. So much for the Apocalyse. ...
and why do these financial whizzes care about a statistic for only one
quarter, one that
Jim Devine wrote,
and why do these financial whizzes care about a statistic for only one
quarter, one that will likely be revised within the next year or so? (See
Dean Baker's comment on these stats, how revisions make the New Economy
look more paltry.) They deserve their fate if they are so
