Comments on Fund My Mutual Fund: Dell (DELL): "Dear Mr. Institutional Investor: We'...

I'm sorry - I left out government expenditures (fe...

2008-08-29T17:09:00.000-04:00

I'm sorry - I left out government expenditures (federal) and healthcare. Also booming parts of the economy. And Walmart.

that assumes the rest of the report has any accura...

2008-08-29T17:08:00.000-04:00

that assumes the rest of the report has any accuracy - again measuring huge economies to a percentage point ? really? it's mostly guesswork.

go research what the misery index is

and then overlay the way inflation and unemployment were measured in the 1970s-1980s versus now

and compare the misery index in the 70s versus now. It's nearly identical.

The only part of the economy working is exports and natural resources, which are exports in fact.

CA alone would be the #7 largest economy in the world. How can it be contracting and the US economy sprinting forward? With MI, OH, FL, NV, AZ contracting

You can go look up on Wikipedia GDP by state. Then figure out which economies are doing well (TX, Wyoming, Iowa, Nebraska) and overlay it versus which are not. And then figure out how a national GDP can be up when many of the top 15 states are contracting.

There are many ways to get to the truth. Official GDP is not close to them

Go check the USA Today money section today about garbage contracting. Economic output anyone?

Mark, if you think inflation is understated by lik...

2008-08-29T16:53:00.000-04:00

Mark, if you think inflation is understated by like 7% then that would mean our economy is contracting at a clip of 4-5% annually now. That seems a little dramatic. That seems depression-like, especially since all signs point to that rate accelerating.

Ex exports it was 0.1%but really how can you measu...

2008-08-29T13:07:00.000-04:00

Ex exports it was 0.1%
but really how can you measure a trillion(s) dollar economy with any accuracy. It's all guesswork so to try to deconstruct it is useless. I haven't seen what inflation rate it is but it sure won't be 8-14% like it should be.

3.3% growth?I was just wondering, do you know what...

2008-08-29T12:36:00.000-04:00

3.3% growth?

I was just wondering, do you know what inflation number they used in that estimate.

And what do you think the growth really was???

I was thinking it should be flat- 0%ish....and with GAAP, excluding one time items, rebate checks, it should be around -1%, that would seem more in line with Europe.