Episode 51:  Since “purchasing power parity” (PPP) has been in the news, this is a follow up to the previous episode about GDP.  Don’t believe the hype…China’s GDP is about half of the USA.  Obfuscaters try to use PPP to overestimate the dominance of China.  [The media purposefully take data out of context…ask yourself why?] Ultimately China will follow the... Read more →