#trumpdepression

[tyrras]

Ty flips off Dump every day for 4 years. #resist #maga #reopenamerica #humancapitalstock #freedomisntfree #transitiontogreatness #trumpgolfswhileamericansdie #golfing #transitiontobiden #trumpdeathtoll100k #trumpgolfs #plaquenil #memorialdayweekend #covid_19 #hydroxychloroquine #americafirst #wearamask #qanon #wwg1wga #trumpdepression #mostunmanlypresident #COVIDIOT #mondaymotivation #mondaymood #middlefingermonday #memorialday #somanyreasons https://www.instagram.com/p/CAojc8SAvXR/?igshid=1e5qxjpbfelr2

[bricehammack]

#TrumpDepression #Oregon #MountHood #Portland #WashingtonPark #DouglasFir #BriceDailyPhoto https://www.instagram.com/p/B_8Y5Q5h7-O/?igshid=5rjkoalbjelt

[republicansaredomesticterrorists]

#TrumpDepression

[dragoni]

MER vs PPP “While MER answers how much Chinese would get at American prices, PPP answers how much Chinese do get at Chinese prices.”

What happens when the US dollar is no longer the standard?

Traditionally, economists have used a metric called MER (market exchange rates) to calculate GDP. The U.S. economy is taken as the baseline—reflecting the fact that when this method was developed in the years after World War II, the U.S. accounted for almost half of global GDP. For other nations’ economies, this method adds up all goods and services produced by their economy in their own currency and then converts that total into U.S. dollars at the current “market exchange rate.” For 2020, the value of all goods and services produced in China is projected to be 102 trillion yuan. Converted to U.S. dollars at a market rate of 7 yuan to 1 dollar, China will have an MER GDP of $14.6 trillion versus the U.S. GDP of $20.8 trillion.

Recognizing this reality, over the past decade, the CIA and the IMF have developed a more appropriate yardstick for comparing national economies, which is called PPP (purchasing power parity). As the IMF Report explains, PPP “eliminates differences in price levels between economies” and thus compares national economies in terms of how much each nation can buy with its own currency at the prices items sell for there. 

Explaining its decision to switch from MER to PPP in its annual assessment of national economies—which is available online in the CIA Factbook—the CIA noted that “GDP at the official exchange rate [MER GDP] substantially understates the actual level of China's output vis-a-vis the rest of the world.” Thus, in its view, PPP “provides the best available starting point for comparisons of economic strength and wellbeing between economies.” The IMF adds further that “market rates are more volatile and using them can produce quite large swings in aggregate measures of growth even when growth rates in individual countries are stable.”

For the U.S. to meet the China challenge, Americans must wake up to the ugly fact: China has already passed us in the race to be the No. 1 economy in the world. Moreover, in 2020, China will be the only major economy that records positive growth: the only economy that will be bigger at the end of the year than it was when the year began.

And then there’s this from the NYTimes yesterday, With Covid-19 Under Control, China's Economy Surges Ahead

China’s economy grew 4.9% in the 3rd quarter compared to a year ago.

America’s economy under Trump? Coronavirus Pandemic.  #TrumpVirusDeathToll  #TrumpRecession #TrumpDepression   

[notmypresidenttrump]

@realdonaldtrump @gop @republicanparty #maga #trumptrain #gop #americafirstmyass #americanhorrorstory #notmypresident | Job growth slowing. America economy is about to take a dive #trumpdepression

[immigrationnewsdigest]

Cartoon for @chronicleherald #TrumpDictatorship #TrumpBunkerSongs #TrumpDepression #BlackLivesMatter pic.twitter.com/hExBjGyzzn

— Michael de Adder (@deAdder) June 8, 2020

[oldieschool]

The best, amazing... LOLOLOLOL #PIECEOFSHIT #DUMPTRUMP #BYEDON2020 #TRUMPDEPRESSION pic.twitter.com/eSGbMv1gag

— IamWomanHearMeRoar (@ShiftItChick37) May 23, 2020

[fishing-exposed]

@MFreeman_ATASED: @realDonaldTrump @DallasLoveField Wow, #OrangePlague, considering how ur GROSS INCOMPETENCE has allowed almost 100K🇺🇸Americans to needlessly DIE, u’ve also singlehandedly KILLED🇺🇸American AVIATION industries in #TrumpDEPRESSION‼️ What token project stuff u do for Red State Texas is only fishing 4 voters‼️ @GOP https://t.co/ZMWvOnp5HS

[tyrras]

Ty flips off Dump every day for 4 years. #resist #maga #reopenamerica #liberateamerica #boycottfedex #mika #kellyanneconway #michigan #michiganAG #maketrumpwearamask #ford #10thamendment #drbirx #churches #housesofworship #votebymail🇺🇸 #plaquenil #memorialdayweekend #youaintblack #covid_19 #hydroxychloroquine #extendthelockdown #americafirst #wearamask #qanon #wwg1wga #trumpdepression #COVIDIOT #fridayfeeling #somanyreasons https://www.instagram.com/p/CAgaVxogOd9/?igshid=k47807ygujga

[world-news-times]

#TrumpDepression Trending on Twitter as POTUS Claims April 20Mln Job Loss ‘Fully Expected’

[dianeintransit]

Favorite tweets

#TrumpGenocide #TrumpLiesAmericansDie #FuckTrump #TrumpMeltdown #TrumpVirus2020 #BlameTrump #TrumpVirus #TrumpDeathToll116K #TrumpDepression #BlueWave2020 #GeorgeFloydWasMurdered #TakeAKnee #BlackLivesMatter #ObamaDay2020 #ObamaDay #TrumpWearsAdultDiapers @realDonaldTrump https://t.co/s1pBEXm3Ip pic.twitter.com/diI74smoAr

— R. Christian: Sgt-At-Arms for ANTIFA, Nazi Basher (@liberalfromSTL) June 14, 2020

[fencemike]

RT @philipaklein: I've been plenty critical of Trump's handling of the coronavirus, but it's obnoxious to see people tweeting out "TrumpDepression" when they were the same ones loudly advocating shutdown orders and who accuse those talking of reopening the economy of being part of a death cult.

I've been plenty critical of Trump's handling of the coronavirus, but it's obnoxious to see people tweeting out "TrumpDepression" when they were the same ones loudly advocating shutdown orders and who accuse those talking of reopening the economy of being part of a death cult.

— Philip Klein (@philipaklein) May 9, 2020

via Twitter https://twitter.com/MookieGallagher May 09, 2020 at 04:19PM

[tyrras]

Ty flips off Dump every day for 4 years. #resist #maga #reopenamerica #liberateamerica #racistinchief #randpaul #heroesact #fauci #trumpdeathtoll81k #covid_19 #3moremonths #obamagate #trumpgate #OBAMAGREAT #trumpjealousofobama #quarantinelife #womenfortrump #redwave #extendthelockdown #americafirst #wearamask #OBAMAGREATGATE #rickscott #ripcapitalism #lockdown2020 #blacklivesmatter #trumpdepression #COVIDIOT #thursdaythoughts #somanyreasons https://www.instagram.com/p/CAMEDMjgn2A/?igshid=4xt6syz17vxd

[dianeintransit]

via Twitter

RT @liberalfromSTL: #TrumpGenocide #TrumpLiesAmericansDie #FuckTrump #TrumpMeltdown #TrumpVirus2020 #BlameTrump #TrumpVirus #TrumpDeathToll116K #TrumpDepression #BlueWave2020 #GeorgeFloydWasMurdered #TakeAKnee #BlackLivesMatter #ObamaDay2020 #ObamaDay #TrumpWearsAdultDiapers @realDonaldTrump https://t.co/s1pBEXm3Ip https://t.co/diI74smoAr

— dianeensey June 14, 2020 at 11:02AM

[tyrras]

Ty flips off Dump every day for 4 years. #resist #maga #freespeech #executiveorder #nojusticenopeace #factcheck #twitter #twitterfactcheck #policebrutality #blacklivesmatter #arrestthemall #socialmedia #transitiontogreatness #trumpdeathtoll100k #plaquenil #trumpmeltdown #covid_19 #hydroxychloroquine #americafirst #wearamask #qanon #wwg1wga #trumpdepression #COVIDIOT #thursdaythoughts #somanyreasons https://www.instagram.com/p/CAwN-b_ATqD/?igshid=rn4ijeqlhsl8

[tyrras]

Ty flips off Dump every day for 4 years. #resist #maga #reopenamerica #humancapitalstock #freespeech #factcheck #twitter #kellyannecupcake #twitterfactcheck #policebrutality #blacklivesmatter #transitiontogreatness #trumpdeathtoll100k #plaquenil #trumpmeltdown #covid_19 #hydroxychloroquine #americafirst #wearamask #qanon #wwg1wga #trumpdepression #mostunmanlypresident #COVIDIOT #wednesdaywisdom #somanyreasons https://www.instagram.com/p/CAtZE66HH8O/?igshid=1jdh0tjwq6oox