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      08-04-2013, 11:09 AM   #1
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GDP Much Higher Than Thought...Because We Said So

http://seekingalpha.com/article/1368...alculating-gdp

"A last example is found in real estate. Commissions, legal bills and expenditures on real estate transactions are included in GDP as "investment." Obviously these expenditures aren't associated with real production."

I guess imputations and hedonic adjustments just aren't good enough to skew the calc unrealistically upwards any more. Debt to GDP is now magically lower, as is government spending to GDP. This will be used as leverage to increase both...
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