[cuban leaf]

—Everyone is running around this morning surprised at how low this figure is. I am surprised at how high it is.—

I’m not. It’s based on ginned math.

Ever seen this:
http://www.youtube.com/watch?v=zPkTItOXuN0

Go to 8:40 if you don’t want to watch the whole thing. It’s very enlightening, regarding how they calculate GDP.

It’s a fantasy number.

[khelus]

A good approximation of the GDP adjusted by an inflation rate that has not been subjected to enhancements that suppress inflation. Note: government spending has not been removed.