January 20, 2010

Using GDP As A Main Financial Indicator Is Wrong

"Using GDP as the main financial indicator is equivalent to judging a man’s success by the cost of his house, car and wristwatch. These figures merely indicate a level of spending and have nothing to do with earning power."

in Seeking Alpha

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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