Posts Made By: Rod Kaufman

Originally Posted by Mel Maki

No, you cannot. 

Originally Posted by Mel Maki

Have you ever had an independent thought? 

Originally Posted by Mel Maki

Of course economists estimate GDP. It is done for all countries.
Do you believe the numbers China supplies?
Many economists do not.
Why should people believe China's estimation of how their economy is doing?
If you googled it (extremely rare for you) you would find explanations. 

Originally Posted by Richard Davis

Do you think Rod would understand the "devaluation of their currency"?  

He's listening to economists HE Agrees with.

Paul Krugman won a Nobel Prize in economics, and he's proven over and over what a complete fool he is.

People tore up his arguments so many times on his blog and NY Times articles that he finally banned them all.

** He no longer takes criticism about his assertions.

Now that IS some kind of brilliant economist.  

** Translation:  I'm incapable of supporting my argument, so I'll do the adult equivalent of sticking my fingers in my ears and saying La, la, la, la...  by cutting off all debate

Originally Posted by Richard Davis

For the stupid people who posted just before this one.  If you can't figure out who you are, go stand in the mirror.  

You might see a mentally deranged person staring back.

In any event, here is Gordon Chang, one of the recognized foremost experts on China, regarding their GDP:

https://nationalinterest.org/feature/gordon-chang-chinas-economy-deep-trouble-158011

"The full-year does not look much better. The normally China-bullish International Monetary Fund forecasts the Chinese economy to grow only 1.2 percent this year. Private analysts believe growth will range between 1.5 percent and 2.5 percent. For last year, Beijing reported the economy grew 6.1 percent."

Don't believe the IMF, believe China.

From the article:  China’s debt-to-GDP ratio increased by 11 percentage points in 2019—and by a stunning seven points last quarter alone. It is now pegged at 317 percent.

Do you understand what that means? Don't worry I know you don't because you've never studied Macro Economics.  In fact you've never read an economic book in your life.

I've said it before and I'll say it again, totalitarians love sheep like yourself.  Unaware, stupid, and stupid.  

Originally Posted by Mel Maki

Rod, I can hardly believe you want to die on the hill of "China's figures are accurate! Why would they lie?" Your political obsession does you no favors, at all!

Originally Posted by Mel Maki

Where does your link show that the Oxford economist believes China's figures?
https://www.cnbc.com/2020/07/16/china-economy-beijing-reports-q2-2020-gdp.html
China reported the country's economy grew by 3.2% in second quarter. Economists polled by Rueters expected gdp to
have grown 2.5
"but many outside experts have long expressed skepticism about the veracity of China's reports."

Originally Posted by Mel Maki

That does not say he believes their numbers. That is his estimate from his calculations.

Originally Posted by Mel Maki

My link says China said 2nd quarter 2020 was 3.2. Economists polled by Reuters said it was 2.5. It doesn't seem like much to you but the amounts over are added and can quickly add up to 20%. Go ahead and proclaim to the internet that China has no reason to lie about how well their economy is doing. They are trying to sell the success of their economy to increase investment.