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this post was submitted on 05 Dec 2023
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Lol yeah the bean counters needed a way to make America look good so they came up with the idea that homeowners are their own tenants and pay imaginary rent to themselves. They also include healthcare costs in GDP so when a pharma corp charges you 30x more for meds, that's good for the economy!!
The US cooks the books on everything it does so it's hard to judge how bad things are truly going, but it means a lot that China's real numbers are comparable to the bs American stats.
Oh yeah, just look how they change the way they calculate inflation and how they changed the definition of recession. lol