[PEN-L:3111] Re: Re: The trouble with long waves

[Rosser Jr, John Barkley]

Doug,
    Personally I prefer GDP growth rates, not profit rates. 
And, no, I am not going to get into a data slinging match 
with you.  If you want to argue that GDP growth in the 
1990s is lower than in the 1970s or 1980s, fine.  Be my 
guest.
Barkley Rosser
On Mon, 8 Feb 1999 20:57:32 -0500 Doug Henwood 
<[EMAIL PROTECTED]> wrote:

> Rosser Jr, John Barkley wrote:
> 
> >     Of course when Mandel's book came out was just at the
> >end of what most long wavers would say was the last uptick,
> >just before the down phase that came in after 1973.
> >Whether the new uptick began in the 1980s as Shaikh and
> >some others argue or after the recession of the early 1990s
> >as others would argue (and I tend to think) is a matter for
> >open dispute.
> 
> What's your metric for long waves? Profit rates? In the U.S., 1982 was the
> bottom. But Japan has since fallen apart and Europe has long been in the
> mud. The 1990s? U.S. profit rates have flattened, Europe is still in the
> mud, as is Japan, and the Asian NICs fell apart. What's up, besides the
> NASDAQ?
> 
> Doug
> 

-- 
Rosser Jr, John Barkley
[EMAIL PROTECTED]