[WS:] I did not argue that FRBSF did a clumsy job. I argued that the national accounting system, when done properly, obscures as much as it reveals. This is not a particularly novel idea.
Wojtek
On Sun, Oct 16, 2011 at 3:04 PM, Doug Henwood <dhenwood at panix.com> wrote:
>
> On Oct 16, 2011, at 11:27 AM, Wojtek S wrote:
>
>> My
>> suspicion is that most "made in China" stuff is counted as
>> intermediate consumption.
>
> Better tell the FRBSF. I'm sure they didn't think of this either.
>
> Doug
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>