Quote:
Originally Posted by sebastian_dangerfield
I'm not getting in the weeds with you about the dubious value of GDP measurement (none of which comes from Zerohedge). Suffice it to say, it's worth about as much as the headline unemployment number.
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Which means "quite a bit."
Seriously, this stuff is cuckoo. These things are defined and -- and here's the important part -- measured consistently (subject to periodic methodological changes).
That you might prefer a different definition does not make the one used "wrong" or "worthless." And again -- the important part -- in no way undermines a time series based on them.
Seriously, are you suggesting that there's something wrong with how GDP is measured that makes comparing this year to last year impossible? That's, literally, insane.
