"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 7 hours 5 Big Drivers of Higher Inflation Rates Ahead
  • 8 hours U.S. And China To Face Off Over Aramco IPO
  • 11 hours Gold Bulls, Brace Yourselves – Fed Hikes Are Coming!
  • 14 hours Stocks Fail to Hold Gains, But Still No Correction
  • 16 hours Cryptojacking: A New Threat Vector To Critical Infrastructure
  • 1 day Why The Next Oil Boom Will Be Fueled By Blockchain
  • 1 day 5 Things Investors Should Know About China this New Year
  • 2 days Is The South Korean Crypto-Drama Finally Over?
  • 2 days Miners’ Rally? What Rally? Watch Out for More Fake Moves!
  • 2 days Four Percent 10-year Note Yield Will Be a Floor Not a Ceiling
  • 2 days The End Is Near
  • 2 days 5 Record Breaking Gemstones Even Billionaires Can’t Buy
  • 2 days Irredeemable Currency De-tooths Savers
  • 3 days CFTC Offers Bounty For Crypto Pump And Dump Whistleblowers
  • 3 days Have You Been Getting Run Over By This Stock Market Action?
  • 3 days Decision Time
  • 3 days 1 Week Later, Risk Remains ‘On’ as 2 of 3 Amigos Ride On
  • 3 days The Most Polarized Commodity Ever
  • 3 days Commodity Coins and Us: What To Expect From The "Tokenization of Everything"
  • 3 days U.S. Dollar Bull and Bear Markets

Economic Growth: False Numbers!

This 31 Minute video below is Part I of a three part series on the current misinformation of Economc Growth between Gordon T Long (GordonTLong.com) and Ty Andros (Tedbits.com) with 26 supporting slides.

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.

 

 

Back to homepage

Leave a comment

Leave a comment




Don't Miss A Single Story