/biz/ - Business & Finance

>>18736157
>>18736198
>>18735153
>>18736525

Whew I can't believe nobody has pointed this out yet.

GDP may be meaningless, but it is a statistic. It is what it is. They add up all the final goods and services sold in the economy and add it up. OK thats GDP. But they also try to adjust for inflation, and then report Real GDP.

Nobody pays attention to raw GDP, they usually look at real GDP.

This also happens to be why OP is right, though. We all know that official inflation statistics are manipulated downwards by the powers that be. One example is the Hedonic Adjustments, but there are many others. Nobody actually experiences the CPI or even the PCE rate of inflation -- they are calculated from an index of hundreds of goods combined into a weighted average. I urge you to take a look at this list of goods -- it has all kinds of things that you basically will never, ever buy in your life. It is impossible to come up with 1 statistic that will explain how prices are rising, it is just too difficult.

Anyway, the real scam about GDP comes when they subtract inflation. You see, as long as they eyeball inflation downward from its true value, even if GDP is constant, it will LOOK like real GDP is growing.

This is how you get 1,2,3% growth every year, year in year out. You just lowball inflation by 1-2-3% every year.

But instead of this obvious, obvious explanation, you morons are arguing about stupid bullshit.

ITT morons.

Good for you OP. You're on the right track.

>>16858831
anons, NIO is blowing up. Go put some money on that shit right now and sell when it hits $5 or $6.

>>16765584
>>16765658
>>16765692
Nice! Winning feels so good.

>>7590381
it is the one anon
>we all going to make it

>>6970198