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Re: China To Boost "Economic Growth" By Changing Definition Of GDP,,, LOL Sounds like us, Something sucks, change the metrics by which it USED to be measured by. Problem solved........... 

By: ribit in POPE IV | Recommend this post (2)
Thu, 07 Jul 16 10:05 PM | 38 view(s)
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Msg. 08758 of 47202
(This msg. is a reply to 08745 by micro1)

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M1
...that's how obonzo fixed the unemployment problem. He made it disappear vial magic math. The real unemployment rate is more than twice what his minions report.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!




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The above is a reply to the following message:
China To Boost "Economic Growth" By Changing Definition Of GDP,,, LOL Sounds like us, Something sucks, change the metrics by which it USED to be measured by. Problem solved...........
By: micro1
in POPE IV
Thu, 07 Jul 16 7:51 AM
Msg. 08745 of 47202

Nothing is fixed though.............

In the summer of 2013, at a time when the topic of soaring US debt was still paramount to the US public (total debt is now a far more ludicrous, and gargantuan, $19.3 trillion but nobody cares since all the central banks are monetizing global debt at an unprecedented pace and investors are happy to frontrun them, thus keeping yields low) the US surprised everyone by "increasing" GDP, and thus reducing the debt/GDP ratio which was at about 100%, in a very simple way: it changed the definition of GDP, in the process boosting GDP by about $500 billion, or 3%, with the flip of an Excel spreadsheet switch.

This is what we reported at the time:

http://www.zerohedge.com/news/2016-07-06/china-boost-economic-growth-changing-definition-gdp?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29


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