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3.5.2015 Hookers and Crack Bookmark

Over in Italy, they are including Hookers and illegal drug sales in their GDP reporting, and from back testing it appears that it adds a full percentage point to their yearly GDP. This weeks newsletter takes a look at how on earth that all came to be, and what we've done here in the states to alter our own GDP readings.


Over in Italy, they are including Hookers and illegal drug sales in their GDP reporting, and from back testing it appears that it adds a full percentage point to their yearly GDP. This weeks newsletter takes a look at how on earth that all came to be, and what we've done here in the states to alter our own GDP readings.

 

I invite you all to take a look at the free Investing newsletter as we discuss what it all means to us in the big picture. For instance, if adding such things as TV re-runs and Research and Development adds to our GDP, what does it mean when our 4th quarter GDP is revised down from 5% to just 2.2%?  It means that without the new accounting methods, it would be a big fat zero...that's what. Take a minute to head over and read the Wednesday evening letter it is entertaining. 

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