[lbo-talk] U.S. Economy Grew 7.2% in 3Q, Fastest Pace in 20 Years

Doug Henwood dhenwood at panix.com
Thu Oct 30 10:55:57 PST 2003


Brad Mayer wrote:


>How about doubting U.S. economic statistics, especially from the Commerce
>Dept.?

There's no reason to. The people who put these numbers together are honest, competent, and completely open about what they do. I talk to them a lot, and their counterparts at the BLS.


> Doesn't "feel" like 7% growth here in S.V. Do these statistics
>distinguish between multinationl activity and the domestic U.S. economy?

Do you know the definition of GDP?

Doug



More information about the lbo-talk mailing list