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GDP is value created within the boundaries of a country.
GNP is value created by nationals/entities of a country.
GNP is value created by nationals/entities of a country.
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Originally posted by Serb:Please, remind me, how exactly and when exactly, Russia bullied its neighbors?
Originally posted by Ted Striker:Go Serb !
Originally posted by Pekka:If it was possible to capture the essentials of Sepultura in a dildo, I'd attach it to a bicycle and ride it up your azzes. -
Unbelievable! Alan the wondernerd takes a shot at the GSEs.....
Might that be because when they get in trouble, Alan has run out of bailout-ammunition ?
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Which one is a more accurate estimate, considering that there are transnational corporations and such?Originally posted by Saras
GDP is value created within the boundaries of a country.
GNP is value created by nationals/entities of a country.(\__/) 07/07/1937 - Never forget
(='.'=) "Claims demand evidence; extraordinary claims demand extraordinary evidence." -- Carl Sagan
(")_(") "Starting the fire from within."Comment
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GP, if EPS is an important measure to analysts I’d believe the stock price would fall in the future because P/E is quite high, but it wouldn’t affect my judgement on the fundamental value of the corp.
Faded, this was to be expected, after the acquisition of TW they had over $120bn of goodwill (the sums AOL paid in excess of the value of TW’s assets) sitting on their books. The economic hardships provides a good excuse for many corps (who similarly overpaid for their acquisitions) to write it off in one go, since losses were expected by the markets anyway. (in the case of AOLTW there'll still be a massive $80bn of goodwill left)
UR, you can’t say either is better than the other, it just depends on what you want to measure. If you’re interested in the economic power of your residents GNP would be more accurate, if instead, you’re interested in how much is produced within the boundaries of a country GDP would be more accurate.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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Speaking of AOL, if you exclude their goodwill, they have some $17bn in shareholders' equity against $63bn in liabilities. Could be better.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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"Which one is a more accurate estimate, considering that there are transnational corporations and such?"
Depends on whether you're a communist or capitalist.
For the longest time, the U.S. insisted on trumpeting the GNP number. Wasn't till communism "fell" that we moved the GDP number in everything. Still, for the longest time, all of the newspapers focused on nominal GDP growth. It wasn't until the mid-90s that everything was standardized to real GDP growth.
Colon: AOL's portfolio of goodwill is high value.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Dan, did the US switched to GDP because foreign residents started owning a larger share of US' production than vice versa?
I didn't understood your second point.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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"Dan, did the US switched to GDP because foreign residents started owning a larger share of US' production than vice versa?"
I can't say as I'm qualified to answer such a technical point. But I do remember that there was some anti-communist politics associated with using GDP. Maybe a macroeconomist can pipe in here and explain why this was so.
Re AOL's goodwill, AOL/TW has a huge and valuable library of music and video titles. I think that much of that will show up in goodwill (pls. correct me if I'm wrong).I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Dan, well it’s just a guess, but since few USSR residents owned assets outside of Russia, while the US had plenty, using GNP showed the US in a favourable light. Similarly, as US net assets turned negative since the early 90’s (I assume GDP became larger than GNP at that point as well), using GDP would present the US favourably. Maybe it’s not a technical issue, just one of winning the pissing contest.
You may have the wrong idea of goodwill. For instance, firm A buys firm B for $10 million and firm B has assets worth of $8mn, to be transferred to firm A’s books when the acquisition is completed. There’s an excess of $2mn that has to show up somewhere in firm A’s books, so it’s filed as goodwill, to be written off over time.
That library you mentioned is accounted somewhere else.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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Dow Jones < 10,000
DAX -> 5,000
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"just one of winning the pissing contest"
Undoubtedly, this is the case. I'm just not sure what we were having the pissing contest over. Over the last 10 years, real GNP and GDP were pretty much in lock-step. ~39% growth.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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You know, it feels like the economy just ate a whole bag of potato chips. Filling, but makes you feel like crap afterwards...I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Dan, nominal GNP and GDP diverged by only $6bn in 2001, so I guess that speculation of mine is wrong. Maybe they just switched to GDP because it's more relevant to national economic policy and foreign investors.
BTW, do you have a time-table to compare historical GNP and GDP?DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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No, I don't. But it wouldn't be too hard to take and graph the following two series:
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Chain weighted the average difference over the past 15 years is only 15 billion per quarter - I think that qualifies as statistically irrelevant to a nearly 10 trillion number.Be the bid!Comment
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