[–] robocat 14y ago ↗ Deceptive headline: GDP is annual revenue, yet they are comparing that with market capitalisation... What would the total assets (government, public and private) of Greece cost to buy?Confusingly http://www.dailyreckoning.com.au/gdp-market-cap/2006/12/21/ implies that amount of GDP is crudely comparible with the amount of market cap (which ignores govt or private equity) - due to other reasons!
[–] mhartl 14y ago ↗ Sigh. Someday, people will realize that GDP is a crappy measure for... anything.
[–] couchnaut 14y ago ↗ Extra moronic, racist and apple-mersial article. I'm not sure why it even got here.
4 comments
[ 5.1 ms ] story [ 23.5 ms ] threadConfusingly http://www.dailyreckoning.com.au/gdp-market-cap/2006/12/21/ implies that amount of GDP is crudely comparible with the amount of market cap (which ignores govt or private equity) - due to other reasons!