Episode 51: Since “purchasing power parity” (PPP) has been in the news, this is a follow up to the previous episode about GDP. Don’t believe the hype…China’s GDP is about half of the USA. Obfuscaters try to use PPP to overestimate the dominance of China. [The media purposefully take data out of context…ask yourself why?]
Ultimately China will follow the same path as Japan- automation & technology will weaken their cheap labor competitive advantage. Demographics are working against China…China will become OLD before they become RICH.
Subscribe to the Wealthsteading Podcast:
via STITCHER: http://www.stitcher.com/s?fid=53115&refid=stpr
Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.
For more information visit us at: www.wealthsteading.com or www.investablewealth.com
Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.