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by tanzbaer 2445 days ago
Right, because you can totally trust the Chinese numbers...
1 comments

Not even in the slightest, but there was no CHINESE poster wondering why their CHINESE GDP couldn't fund bullet trains.

The poster was wondering why his/her USA GDP couldn't support bullet trains.

I was being helpful by pointing out that ~$7 trillion of USA GDP literally (in the old sense of the word) did not happen.

Unless you think that $7T of GDP that is assigned to mortgages on the half the houses in the USA that have no mortgage, bank fees on free accounts, fictitious prices of electronics, etc. are the same as the entire value of the Japanese economy…

GDP is a game that all countries play to try convince sovereign bond purchasers that the debt/GDP ratio is under control.