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Ouriel · 05-08-2011, 06:54 PM

Japan will be the leading country in the world not China.

Ronin · 05-08-2011, 08:13 PM

Quote:

Originally Posted by Xenonight2

GDP adjusted for inflation lets you know how much productivity and output and income has changed, as opposed to nominal GDP where it takes into account inflation which does not affect productivity.

China's GDP could outrank Amercia's GDP nominally because of inflation. But who cares about that if America has less nominal GDP but higher productivity and output.

Well I am just saying I could, to answer those questions stress either gross national income, or labor productivity.

The point of the GDP is shaping the exchange rates. When you assume that one country is mingling with the inflation you could say that this makes the qualification through a national index unfair and for that scenario you still have good-baskets. However the one who is actively tempering with the inflation is the US, not China.

What does it mean?

China will in the future earn on US profits, as it's globally seen more and more of their money at work every year.
Also the US will not be able to get rid of it's debt conventionally (for the time to come).

Quote:

Originally Posted by Ouriel

Japan will be the leading country in the world not China.

Their debt-to-equity ratio outranks Greece. Of course no one sees that as bad news, because that's the way it is for decades now. I haven't seen many "made in Japan" tags around lately. Internationals are just starting to break up the domestic market and once they have fully done that, Japan will have troubles selling any product at all (means: maintaining the jobs that are left).

05-08-2011, 06:54 PM	#21 (permalink)
Ouriel Dante’s Inferno Join Date: Mar 2010 Location: Macedonia Posts: 622 Reputation: 26	Japan will be the leading country in the world not China. __________________

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