Replies to post #40421 on Advanced Micro Devices Inc (AMD)

[upc]

I accept that the NYT leans towards the Democrats in the editorial opinion, but I find their reporting of facts still to be second to none

Is this meant to have a smiley? Their political opinion is manifest throughout their news stories, particularly anything billed as 'news analysis', their story selection, and story placement. I suggest you track down a number of blogs that follow the NYT (and others) and point out the bias. It's become *very* bad the past few years, and ruined what used to be the newspaper of record.

upc

[jhalada]

sgolds,

... I'm just trying not to let this thread get political ...

... I don't trust growth rates ...

... I look towards quality job creation and total non-farm payrolls as the best indicator of economic health ...

We have the leading economic indicators, purchasing managers index, consumer confidence, durable goods orders, book to bill ratios, stock markets as a indicator of what is just ahead or happening now, GDP numbers are an indicator of what has just happened, job numbers are an indicator of what happened in the economy a year ago or more. This is Economics 101.

As far as (conveniently) not trusting the growth rates, if you have a piece of measuring equipment that is faulty, and always tells you the value (value of the GDP) by exaggerating or underestimating by a fixed error percentage, it does not matter for the GDP growth measure, which is a measure of change. Even a faulty measuring device will correctly indicate the change between the measurement, if the same measuring method is applied.

BTW, I fully expected a political answer on your part, I just wanted to check how deeply you would go.

Joe

[jhalada]

Somewhat OT:

The US economy - GDP - grew at 4.4% in 2004, .2% less than mid year estimate of 4.6% (which would have been a 20 year record), but it is the very respectable, and the best in last 5 years.
http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20050128-000562-0841

So much for the doom and gloom merchants at New York Times, and the merchandise they were so desperately trying to sell with their sales team (oops - reporters) and their advertisement (oops - articles): John Kerry.

Joe