Remember this are the official numbers which are severely overstated the last chart shows the old inflation model whic matches the real situation. The point is that the difference is obviously not going away but inflations therefor the growth rate of the GDP, hence the GDP numbers are far too high. Goldman and others expect a contraction of - 5% for Q4 which will bring the whole year into a serious contraction. 2009 will be a disaster year but will see a great push by enormous government spending at some point which is not sustainable and comes at a high price as all the debt increases are a big burden and will at some point trigger a crash in bond markets. Definition Gross Domestic Product (GDP) is the broadest measure of aggregate economic activity and encompasses every sector of the economy. Why Investors Care | |||
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Wednesday, November 26, 2008
Get a grip on where we are in GDP terms last 8 years
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