Ruy Lopez
New member
The article linked below talks about China and USA macro-economic statistics. The author claims that the numbers are not real. They have been adjusted cosmetically to give a better impression. The statistics are about electricity consumption in China and USA GDP.
http://www.zerohedge.com/news/2014-10-24/neither-us-nor-china-will-be-engine-global-growth-next-year
You'll have to give me some allowance. I'm trying to figure out how to post live links and charts together with this post and so far I have not succeeded. Am not a computer literate person.
The article says that:
1) Chinese electric power consumption has been trending downwards since 2010 and the decline year over year in Aug. 2014 is 3.5% This kind of data belies the Chinese GDP growth rate numbers. I agree with the author.
2) USA GDP is lower than what official numbers show and it has been that way for quite some time. The trick is to understate inflation rates so that the GDP deflator would result into higher real GDP figures. Again I agree, I have noticed this in the US a long time ago.
http://www.zerohedge.com/news/2014-10-24/neither-us-nor-china-will-be-engine-global-growth-next-year
You'll have to give me some allowance. I'm trying to figure out how to post live links and charts together with this post and so far I have not succeeded. Am not a computer literate person.
The article says that:
1) Chinese electric power consumption has been trending downwards since 2010 and the decline year over year in Aug. 2014 is 3.5% This kind of data belies the Chinese GDP growth rate numbers. I agree with the author.
2) USA GDP is lower than what official numbers show and it has been that way for quite some time. The trick is to understate inflation rates so that the GDP deflator would result into higher real GDP figures. Again I agree, I have noticed this in the US a long time ago.