GDP

The GDP now reaches 11.8t, up 3.7% compared to 3.3% last quarter but less than the hoped for 4.3%. By contrast China’s GDP grew at 9.5%, in fact they just raised their interest rates in order to cool things off to a more sustainable level. GDP reflects productivity, and it influences directly our standard of living. One might think of it as our money multiplied times the productive engagements that money takes part in. (Total market value of the goods and services produced by a nation's economy in a given perioud, a year.) This implies turnover and added value --- efficiency and energy; it is a multiple.