Markets / Economy

   #301  

Uwe

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https://www.worldfinance.com/strate...he-most-effective-measure-of-economic-success
Why GDP is no longer the most effective measure of economic success
Translation: We know that the over-reactive panic to the WuFlu has trashed the economy by traditional measures, so let's not pay attention to those measures anymore and instead, try to account for "feels".

Oh, some of the premises of this article are absurd. To wit:
Countless free online services have moved outside the realm of economic activity measured by GDP, including Google, YouTube and Wikipedia.
Wut? Google has annual revenues in excess of $160 billion! How the hell is that "outside the realm of economic activity measured by GDP"?

-Uwe-
 
   #302  

dafrazi

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Article was written in July last year. The markets were flying high and had been. I don't think WuFlu was even in the author's imagination.

I've been seeing and reading articles every now and then about the move away from GDP for a few years. Most of what I've read has said GDP monitoring is too broad to get a real feeling for overall economic health, which this one is also saying.
 
   #303  

Uwe

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Ah, I missed the date on it. :facepalm:

But it's still absurd to state that Google's services are not included in GDP.

-Uwe-
 
   #305  

Uwe

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Here comes your 40k Dow?
The fact that the SPX has already broken back up through the 200 DMA and the DJIA is getting close to doing the same makes it kinda obvious where much of the freshly "printed" money is going, doesn't it?

-Uwe-
 
   #306  

Jack@European_Parts

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Yup, is it the fast flash rise before the next induced painful crash to try to swing an election?
 
   #310  

Uwe

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   #312  

Uwe

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Could the numbers be artificial since the uptick is a result of rehired protected payrolls from PPP and other SBA loans?
:p
I'm sure that's a contributing factor.

But also look at the futes the other night and tell me some people didn't get word of this "surprise" result in advance?

-Uwe-
 
   #313  

Jack@European_Parts

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I'm sure that's a contributing factor.

But also look at the futes the other night and tell me some people didn't get word of this "surprise" result in advance?

-Uwe-

See you knew huh?..............:rolleyes:
 
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