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  1. pmaitra

    IMF projections for BRIC nominal GDP (2015-2019)

    What happened to Russia? Nothing. Russia is a net creditor nation. So, repeated harping on Russia's credit rating is moot. Russia is piling up on its gold reserves, but it is not just Russia. Even PRC is piling up on its own gold reserves. All these metrics involving the US Dollar is gradually...
  2. pmaitra

    IMF projections for BRIC nominal GDP (2015-2019)

    You said: "The US dollar has been strong for decades. Clearly, the US has the strongest economy in the world." You have not provided any evidence that a strong currency means a country's economic strength is high. You also said, "A country's currency incorporates all of the known information...
  3. pmaitra

    IMF projections for BRIC nominal GDP (2015-2019)

    Appreciating currency might not be a good indicator. Since the US Dollar is the single largest currency for international trade, other countries will always try to devalue their own currencies to stimulate exports. PRC has been artificially devaluing its currency, and is a manufacturing giant...
  4. pmaitra

    IMF projections for BRIC nominal GDP (2015-2019)

    How would one compute the size of the economy? Using GDP? GDP also includes transactions that are essentially net consumption, as much as it includes net contribution. Is the size of the economy indeed a fool proof way to judge the national power? Also, what about Debt-to-GDP ratio? A very...
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