Re: Re: RE: RE: Profit Rates -- From Michael Yates

[Doug Henwood <dhenwood@xxxxxxxxx>]

Eugene Coyle wrote:

> How do you adjust for the change in "capital" in telecom companies, before and
> after the melt-down?  What's the denominator?

Gee, better contact the folks at the Bureau of Economic Analysis. I
bet they never thought of this!

In fact, I'm sure they've never thought of many of the objections
brought up on PEN-L over the last several days. They are, after all,
just a bunch of third-rate public sector bean counters. A handy
reference list of people who need an education can be found at
<http://www.bea.gov/bea/beatel.htm>. The person who handles the
capital stock estimates is Leonard Loebach, at 202-606-9764. If he's
like most of them, he'll probably answer his own phone and be happy
to talk to any knowledgeable, friendly caller.

Doug