Friday, March 6, 2015

pet peeve on GDP reporting

Why do writers regularly compare market caps and other wealth measures with GDP of countries?

It is really quite meaningless and shameless.  Now, for a market cap to equal the estimated value of a country - that would be awesome.

For the most egregious example of this, see this gem.  For a move in the right direction, see this that compared Glencore's revenues with Ukraine's GDP.

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