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Old 19th January 2008, 01:09 PM
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Even Microsoft and IBM see GDP figures acting las dense fog to economic progress

Changing the U.S. system of economic statistics is like turning a supertanker. You can do it, but it takes time. The report to be released by the Commerce Dept. on Jan. 18, called Innovation Measurement: Tracking the State of Innovation in the American Economy, amounts to a sharp turn of the wheel.

The report—assembled by a panel of top academics and business leaders, including Samuel J. Palmisano of IBM (IBM) and Steven A. Ballmer of Microsoft (MSFT)—observes that innovation is key for growth and competitiveness. But it gets short shrift in government data....

http://www.businessweek.com/magazine...gn_top+stories

Basically if you measure Retail as economic growth that is what policy promotes and that is what you get, even if it has no lasting underlying economic value. Bush's Strong Economy is in fact nothing more than an illusion or perhaps in his case a delusion!
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Old 19th January 2008, 01:44 PM
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Re: Even Microsoft and IBM see GDP figures acting las dense fog to economic progress

A few top stock gurus have picked Microsoft as the top tech best buy for 2009.
They are growing fast particularly in international sales, helped in part by the drop in value of the dollar.
We shall see what comes to pass.... I would rather keep a conservative amount of investment into IDNs and
not the stock market in these volatile economic times.

Last edited by bwhhisc; 19th January 2008 at 01:48 PM.. Reason: Automerged Doublepost
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