-- Posted Tuesday, 8 May 2012 | | Disqus

HIGHLIGHTS OF THE DISCUSSION INCLUDE:

·         Why the presently accepted GDP measurement is ineffective in properly measuring wealth creation, national economic health and prosperity,

·         How the elements of Government Spending, Taxation, Stock Market changes, Export & Import trade balances and other statistical indicators are all being used to manage the perceptions of economic growth,

·         How Hedonics, Substitution  and Imputation make GDP greater than it really is,

·         How the new game of "Imputation" is using notional numbers to represent growth with no money actually changing hands,

·         How bad data leads to bad decisions and too many bad decisions leads to fewer decision choices until the only choice is to lie,

·         How the current US growth rate is minimally overstated by 20%, even if you accept the illogical 1.54% Deflator for the US and the IMF's 2.2% Global Deflator.

-- Posted Tuesday, 8 May 2012 | Digg This Article | Source: GoldSeek.com

comments powered by Disqus
Previous Articles

© 1995 - 2019

Live GoldSeek Visitor Map | Disclaimer