There is a meme about nominal GDP over in Endymion's server I believe.
You didnt specify nominal or PPP and many economists are in debate about which is more useful
The nominal GDP the representation of the GDP. The stock market is not the economy, remember that
nominal GDP is basically the economy
PPP takes into consideration how much of those productive produfts people can purchase
stock market is how much stocks are selling determined by the people, selling estimates with 6 months and insider trading.
Which is also why the China stock market is such ass
Also why the top stock exchanges are in the US
with a 20k market cap, blowing Chinas 5k out of the water
🤷 nominal GDP is pretty unstable and not precisely useful unless adjusted. PPP is the more useful adjusment of nominal GDP
Especially in domestic economies like China and India
nah fam, but a good reason why the stock markets for the socialist countries and communist countries are shit
is mainly because there isnt much competition, its mainly owned by the government
so everybody buys the same stock
and when the company gets buttfucked, everyones loses their money
and doesnt invest again
So in a sense, basically nobody wins
Stock markets actually make no sense nor are useful for thingsclike the wellbeingbof citizenry you know things pragmatic China focuses on. 🤔
wellbeingofcitizenry
well you dont want to look at China
its ugly, smells bad
And all you got are cramped low quality condos
everything is expensive as fuck
because a middle class in the US is basically God in China
when you got ice cream 5 dollars a gallon and 100 IMB for a scoop in China
*I went to China once and it definitely hasn't changed at all from my visit*
I went to China 6 times
*Oh and I am an expert now*
about to be 7
we'll see whats really changed heh heh
I mean if I went to detriot and focused just on that i might get the tge impression America sucks.:thinking_face
hell, Im half Chinese
Have you been to every region of China tho
Ive been to Beijing, Shenghei, Hong Kong about 2 times each
When China is moving towards nuclear power and uses 99% of electric buses but is somehow not moving green.
Plus other smaller districts I cant pernounce
who cares if its moving green, its still terrible
When china has the largest hydroelectric and solar plants underway but 'dirty and awful.'
@Donaldus Triumphus it shows China is undergoig change
lol it is dirty and awful, if I DID go to every region in China then that statement would be 90% true
Which means we ought not to jump the gun
