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Because they are only forcasts, and they turned out very wrong. I'm giving you the numbers from the Central Bank of Venezuela.
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I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh -
Those numbers don't seem right. For them to be true then Venezuela would have to be the fastest growing economy in world which it most certainly is not. I suspect they're playing some sort of gimic taking advantage of the 2003 strike which lasted for two months to attempt to show huge growth. I'll keep using Bloomburg and the BBC as sources since their numbers also jive with the CIA's world fact book.Originally posted by Kidicious
You go here . Then you click on the link that says GDP. It's an Excel file. Now click on the sheet that says var% 2004-2003. It's GDP growth in 1997 prices.
I've got three known reliable sources and one source that claims diametrically different end products. BBC is trustworthy, Bloomburg is trust worthy, I'm not sure Chavez's figures are trustworthy.Try http://wordforge.net/index.php for discussion and debate.Comment
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Blommburg's article was written Dec 31st so the data sets were in for nearly all of 2004. There's no way they're going to be off by 19%. With 19% inflation the GDP would have to grown at 37% to get your 18% real GDP growth rate. That didn't happen.Originally posted by Kidicious
Because they are only forcasts, and they turned out very wrong. I'm giving you the numbers from the Central Bank of Venezuela.Try http://wordforge.net/index.php for discussion and debate.Comment
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That claim just has nothing to stand on. Show me a credible source that claims that the CBoV puts out corrupt stats.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I've given you three credable sources.Try http://wordforge.net/index.php for discussion and debate.Comment
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The inflation rate was about 19%. It says that on the CBoV website also. All of the numbers there are historically correct. You are ridiculously claiming a conspiracy with no evidence what-so-ever.Originally posted by Oerdin
Blommburg's article was written Dec 31st so the data sets were in for nearly all of 2004. There's no way they're going to be off by 19%. With 19% inflation the GDP would have to grown at 37% to get your 18% real GDP growth rate. That didn't happen.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Did those sources measure the GDP? Where do you think they get their numbers?Originally posted by Oerdin
I've given you three credable sources.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Umm... I don't see where it mentions the GDP growth rate in either the BBC or Bloomberg article. The only estimate I see is from "TravelBlog."
Here's a Newsweek article (unsympathetic to Chavez, incidentally) that backs up the Venezuelan Central Bank's claim:
"Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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The CBoV is an autonomous institution. It is not operated by Chavez.
The Law of the Central Bank of Venezuela
You are really making some unfounded accusations here Oerdin. If you want to continue claiming that the CBoV is corrupt you need to provide some evidence.The Law introduces a paradigm of successful central banking, adjusted to Venezuela. The most important aspect of the Law is to establish the autonomy of the Bank as an important institutional device. This autonomy will allow to establish, in Venezuela, a new concept of monetary policy based on different elements, among which we can underline a very clear objective of the Central Bank of Venezuela: monetary stability. The national and international experience have demonstrated that it is not desirable to assign the central bank economic development functions such as supplying quasi-fiscal subsidies, offering different services to the private as well as to the public sector or bailing out insolvent business. because that would cause the subordination of the monetary-policy main objective to all these functions.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Argentina has been growing 8% since Giancarlo leftPeriodista : A proposito del escudo de la fe, Elisa, a mí me sorprendía Reutemann diciendo que estaba dispuesto a enfrentarse con el mismísimo demonio (Menem) y después terminó bajándose de la candidatura. Ahí parece que fuera ganando el demonio.
Elisa Carrio: No, porque si usted lee bien el Génesis dice que la mujer pisará la serpiente.Comment
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Women call attention to their breasts when they wear low cut shirts.
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Sorry I thought this was state the obvious day.I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator RubioComment
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Ramo, I agree with that growth figure but I am disagreeing that figure takes into account inflation. That's the difference between growth and real growth.Originally posted by Ramo
Umm... I don't see where it mentions the GDP growth rate in either the BBC or Bloomberg article. The only estimate I see is from "TravelBlog."
Here's a Newsweek article (unsympathetic to Chavez, incidentally) that backs up the Venezuelan Central Bank's claim:
http://msnbc.msn.com/id/6919722/site/newsweek/Try http://wordforge.net/index.php for discussion and debate.Comment
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Do you think Newsweek publishes nominal growth rates like that? No they don't.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Who bothers with talking about the nominal GDP growth rate? I think people generally take "GDP growth rate" to mean "real GDP growth rate." I looked up "real GDP growth rate" and Venezuela in googlenews and couldn't find anything."Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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Originally posted by Ramo
Here's a Newsweek article (unsympathetic to Chavez, incidentally) that backs up the Venezuelan Central Bank's claim:
http://msnbc.msn.com/id/6919722/site/newsweek/
This article goes on about how Brazil is doing better than other nations because of neo-liberal policies, but never mentions the growth rate in Brazil. I don't think Brazil is growing anymore than it did last year. I could be wrong, but I get that idea since articles like these don't mention any growth rate.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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