Central Banks Buy Stocks & GDP Measurement might Change

[JonathanH]

Here are two articles I found interesting today.

Bloomberg reports that Central Banks around the world are buying equities. I sure wish they would invest that new money in shares of me!

http://www.bloomberg.com/news/2013-04-2 ... ields.html

NPR reports that the US government wants to change the way it reports GDP to boost GDP! It would now include things like the time a singer spends developing a new song. This is strange since no actual money changes hands, and therefore there are no prices to report.

http://www.npr.org/blogs/money/2013/04/ ... ew-machine

[Reub]

Jonathan, if you don't like the way the numbers are coming out then just massage them. If GDP isn't high enough, just change the formula. It seems that with a willing press and a "low-information voter" (thanks Rush!) this Administration can get away with anything.

I thought that 1984 had already passed.