Page 31 of 31 FirstFirst ... 21293031
Results 301 to 303 of 303

Thread: Markets / Economy

  1. #301
    Benevolent Dictator Uwe's Avatar
    Join Date
    Jan 2014
    Location
    Earth
    Posts
    27,702
    Post Thanks / Like
    Blog Entries
    1
    Quote Originally Posted by Jack@European_Parts View Post
    https://www.worldfinance.com/strateg...onomic-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-
    Lock-down of sick people: Quarantine
    Lock-down of healthy people: Tyranny

  2. Likes PetrolDave, Jack@European_Parts liked this post
  3. #302
    Verified VCDS User
    Join Date
    Feb 2014
    Location
    Norristown, PA
    Posts
    130
    Post Thanks / Like
    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.

  4. Likes Jack@European_Parts liked this post
  5. #303
    Benevolent Dictator Uwe's Avatar
    Join Date
    Jan 2014
    Location
    Earth
    Posts
    27,702
    Post Thanks / Like
    Blog Entries
    1
    Ah, I missed the date on it.

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

    -Uwe-
    Lock-down of sick people: Quarantine
    Lock-down of healthy people: Tyranny

  6. Likes Jack@European_Parts, PetrolDave liked this post

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •