Howey
Gold Member
- Mar 4, 2013
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Not as some America haters on this forum believe. It is and will remain to be the United States.
[T]here’s a reason that standard measures of GDP don’t use the PPP conversion. As the Wall Street Journal’s Tom Wright explains: “China can’t buy missiles and ships and iPhones and German cars in PPP currency. They have to pay at prevailing exchange rates. That’s why exchange rate valuations are seen as more important when comparing the power of nations.”