It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The term “hedonics” is derived from ancient Greek and basically means “pleasure doctrine”. It is also the doctrine which the Bureau of Labor Statistics (BLS) applies when calculating the price indices and for the computation of the real gross domestic product and of productivity. The idea behind hedonic price index calculation is to incorporate quality changes into prices. This way, a product may be on the market at a higher price, but when the product qualities have augmented more than the price in the eyes of the BLS, it will calculate that the price of this product has actually fallen. Applying the hedonic technique to a host of goods and services means that even when prices were generally rising, but product improvement are deemed to be larger than the price increases, the calculated inflation rate will fall. With a lower inflation rate, the transformation of nominal gross domestic product (GDP) into real GDP will render a higher result. Likewise, given a constant labor input, productivity will increase. Hedonics opens the door to producing magical results: a lower inflation rate with generally rising prices, a higher growth rate although the economy may be weaker, and a higher productivity number, although productivity would have been declining without the hedonic imputations. The BLS felt compelled to incorporate “quality changes” into its calculation of the price statistics in the second half of the 1990s when many new and modified goods and services appeared on the market and studies were launched that suggested that the conventional statistics overestimates the “true inflation rate“.[ii]
mises.org...
The focus of this thread is on china being caught red handed lieing / covering their debt. As a side note the source you linked is from 2009 numbers, and backs up what ive responded with about the US and actual debt / funded / unfunded obligations that are long term (SS/Mdicare/etc)
The Topic is China got caught lieing about their finances - Anything to add on that topc? If you dont thats fine, but instead of derailing this thread please make a seperate one that discusses the US and its debt issue.
Also your hero on that site doesnt use Government standards. Instead he uses his own and bases it off reporting stat method used during the great depression. During that time CPI were different, as was standard of living and income, based on the economy setup at the time in addition using stats that "he" think s should be used. Aside from obfuscation I am not sure why you 2 feel the need to continually insert the US into the topic. Are you both incapable of holding a conversation without trying to derail it into another Anti American rant? We have plenty of those threads around, so feel free to go run up your flag count there.
. Instead he uses his own and bases it off reporting stat method used during the great depression
Also your hero on that site doesnt use Government standards
Originally posted by Xcathdra
You 2, once again, miss the point. No one is disputing that the USA has a debt issue. The focus of this thread is on china
Originally posted by USAisdevil
China is the next superpower and USA will be cleaning # of the floor.
Soon,americans will be janitors in China,while american mail order brides marry chinese men ,provided they don't eat Mcblimp burgers and are like blimps.
Originally posted by USAisdevil
reply to post by SLAYER69
fact is fact.I stated the obvious.Is it deniable that China is the next superpower and USA is becoming like Mexico,a third world hellhole and banana republic..
Originally posted by ludwigvonmises003
Originally posted by Agent_USA_Supporter
reply to post by Xcathdra
And Americas Debt Problem Worse than China, so there is no difference there. Every country has there own debt problems even canada.
Agreed.Many posters here refuse to see the obvious .I saw whats coming to usa in 2001 and hence I left.I made a good decision today and am much better off than 2001.
Originally posted by USAisdevil
reply to post by hp1229
with massive debt and ever shrinking GDP....
how old are you? and where do you get your news from ? worldnutdaily?newsmax?faux news?cnbc?
Originally posted by USAisdevil
reply to post by hp1229
instead of criticizing and insulting others,read their contributions.
but i guess you america the best country chestbeater.
and yes ,black budget is not main reason for deficit.corruption,decayed system ,lack of transparency and accountability is the reason why USA is in such bad economic state.
bon voyage to the third world.
Reminds me of China Town
you america the best country chestbeater.
corruption,decayed system ,lack of transparency and accountability
Originally posted by USAisdevil
Given that layout of Supply Chain takes forever but thats by design to use the budget every year and to justify the Government Sector (Civilians & Contractors). During the actual event, the Military steps in when the Government cannot handle the supply chain layout. Lets not even get into how the Military will handle things or it has during dire strait disasters and major crisis situations that the Government couldn't handle. There has been significant investment made in the infrastructure and the SYSTEM (money, personnel and technology) itself since the last major world wars in the US that would blow your mind away. Ever heard of BLACK BUDGET for the DOD? Nothing is disclosed. The books are cooked up partially (YES including debt and losses)to cover the BLACK BUDGET.
If you know all about the Debt Problem then enlighten us instead of trying to be a moderator. The above factors that you mentioned are pretty much common in every country. Politics 101.
Did you even fully read my response as in which context BLACK BUDGET was being used to explain/clarify the point that was made
Originally posted by USAisdevil
reply to post by hp1229
edit on 27-9-2011 by USAisdevil because: (no reason given)edit on 27-9-2011 by USAisdevil because: (no reason given)
Originally posted by USAisdevil
reply to post by hp1229
edit on 27-9-2011 by USAisdevil because: (no reason given)edit on 27-9-2011 by USAisdevil because: (no reason given)