Re: Kirin will become Karen
@"PPP doesn't mean China are richer than the USA. In this case it's exactly the opposite, it means they are poorer. "
No, GDP measured by PPP or Nominal, both metrics are bigger = better.
@"Your point about the US inflating the dollar is exactly the reverse of reality though. If the US had really inflated the dollar, that would mean the value of the dollar would have fallen -"
No, because the numbers are priced in US dollars. The less valuable the dollar, the more dollars China's manufacturing and services are in those dollars. Hence the apparent boom in Chinese GDP PPP.
"The US were the only one of the major economies to have already reversed some of the QE they were forced to do in the last recession - because their economy has been doing so well."
No, they slashed taxes, with unfunded debt. The Fed stepped into buy the debt last October. Which creates dollars, so an economy whose size is listed in dollars will increase. i.e. QE under a different name sold as 'interest rate control'.
https://www.bloomberg.com/news/articles/2019-10-11/fed-to-start-buying-60b-of-treasury-bills-a-month-from-oct-15
"Fed to Start Buying $60 Billion of Treasury Bills a Month From Oct. 15"
Biting the hand that feeds IT
