Our GDP is a bunch of nonsense. Did you know that if you own your home the gov decides how much rent you should be paying yourself and then adds that to the GDP? This item alone is nearly $2T. Since the inflation rate is so underreported, a lot of the gdp growth is nothing more than inflation. Then there is hedonic adjustments. Say a computer is faster than last years computer for the same price, they add $ to the price when counting GDP! Unbelievable.
US Gold? You mean that tungsten filled shiny stuff?
Robin18us 1 year ago
stop smiling. none of this is funny.
ozziindaus 2 years ago
Our GDP is a bunch of nonsense. Did you know that if you own your home the gov decides how much rent you should be paying yourself and then adds that to the GDP? This item alone is nearly $2T. Since the inflation rate is so underreported, a lot of the gdp growth is nothing more than inflation. Then there is hedonic adjustments. Say a computer is faster than last years computer for the same price, they add $ to the price when counting GDP! Unbelievable.
christo930 2 years ago
haha good stuff dac! very informative and insightful! The audio delay is kinda annoying though!
P.S.
STOP SWEARING:)
flyinlow1 2 years ago 2
LOL, wow! I didn't know you were into this stuff... :)
Looks like people are waking up
pavethemoon 2 years ago