(August 3, 2018 at 7:46 pm)Anomalocaris Wrote:(August 3, 2018 at 5:42 pm)Jörmungandr Wrote: I'm inclined to worry more about things like PPP GDP per capita and debt to GDP ratios than any bubble in nominal GDP. The fact is that Trump has mortgaged our future to big corporations and a massive debt, as well as pissing away money on military spending. What does GDP growth matter when real wages are stagnant? And while it's not particularly telling, China has now eclipsed the U.S. in GDP PPP per capita.
I'm unable to find a source for the "2.5% GDP is no longer attainable" quote. Would you mind providing a source for these quotes, Neo?
No, China has eclipsed the US in total GDP measured on purpose power basis. US GDP PPP per capita remains higher by far.
Thanks for the correction.