Thursday, January 31, 2008

Economic Statistics+SB prediction+rating the spouses

Econ stats are bandied about in the modern age like so much garbage. People use them to make arguments for their side of the economic debate.
Many are unaware, however, that the government's way of calculating such basic econ stats like unemployment and GDP have changed drastically over time. Is it no surprise that the changes have almost all led to "higher" GDPs and "lower" unemployment and inflation?

So, whenever you see those comparisons of GDP over time or inflation over time or whatever category, just remember that GDP calculated today is done totally differently and not necessarily more accurately than it was in 1960 or 1970, for instance. For example, today the making of food at fast-food joints like McDonald's is counted as "Manufacturing" when calculating GDP. It sounds funny but it is sad and true. Its really a sign of desperation and there are many examples like that.

My Super Bowl prediction.......Pats 48.....Giants 17. Another boring game in the tradition of many super bowls from the 1980s like Raiders/Redskins, 49ers/Broncos and the like and that great 1994 game 49ers/Chargers.

Now, important political thoughts!!! Rating the presidential spouses on the "hot" factor....from a straight guy's perspective :)
#1 Cindy McCain(gotta admit, I know she's old but flat out gorgeous) #2 Michelle Obama(a little bit tall for my taste, I'm 5'10" and I thinks she's taller than me,but beautiful) #3 Anne Romney(pretty woman and I admire her battle with MS) #4 Bill Clinton(big red noses turn me on!!hehe) #5 Irma Huckabee(or whatever her name is, a kind and gracious lady but, lets just say Wild Bill's big red nose would improve her appearance :)

More soon, hope all is well.

John.

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