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17 results for “ghost gdp”
Product3 mentions across episodes
GDP
...ghost GDP for a minute. I admit I'm living on the bleeding edge. Okay? Let's concede that I'm a laboratory. But we have gone from 12 people to two people on my little team that not only does investment, it generates 8 figures a year in revenue. Okay?
34:53 / 36:33
from transcript34:53 – 36:33
“SaaS apps becoming dumb databases while AI captures the incremental value”
...about ghost GDP for a minute. I admit I'm living on the bleeding edge. Okay? Let's concede that I'm a laboratory. But we have gone from 12 people to two people on my little team that not only does inv
34:25 / 35:18
market insight34:25 – 35:18
...now, it's turned down pretty significantly. And a lot of people, Kevin Hassett and others, have pointed out kind of the one time issues that are impacting this around net exports. But let's just suffice it to say, that that that's going down. And the
5:59 / 7:01
from transcript5:59 – 7:01
...so GDP growth is a function of the number of people working times productivity. It's very simple. Economists wanna make it more complex than that, but it's the number of people working times productivity. If you go if productivity goes up to five, si
1:17:57 / 1:19:03
from transcript1:17:57 – 1:19:03
...GDP is nonproductive government spending? How about we do one thing? Yeah. GDP. D means domestic, P is product, domestic production. It's not consumption. Right. If I go out and buy a Toyota. Right. Right? That's not GDP. Right? If I buy a Chevy that
44:59 / 46:03
from transcript44:59 – 46:03
...when GDP Vowel came out so I I I'll just Yeah. GDP Vowel is, like, an basically, a, like, a a broader sweep bench, let's call it, where it's, like, applied on every every profession that is white collar that you can model, and that is above, like, so
57:44 / 58:47
from transcript57:44 – 58:47
...GDP growth was 50% higher than expectations in q two as the Fed held rates at 4.25%. In q one, GDP declined 50 basis points. That's probably due to the imports. People were stockpiling goods. That's the most pointless chart ever. Okay. And then yeah.
1:02:14 / 1:03:30
from transcript1:02:14 – 1:03:30
GDP growth was 50% higher than expectations in q two as the Fed held rates at 4.25%. In q one, GDP declined 50 basis points. That's probably due to the imports. People were stockpiling goods. That's the most pointless chart ever. Okay. And then yeah.
1:02:54 / 1:04:04
from transcript1:02:54 – 1:04:04
...So so GDP growth is a function of the number of people working times productivity. It's very simple. Economists wanna make it more complex than that, but it's the number of people working times productivity. If you go if productivity goes up to five,
1:18:37 / 1:19:46
from transcript1:18:37 – 1:19:46
...4% GDP growth. I said it in the first quarter. Yeah. And 4.3. Now, the fourth quarter is gonna be, a mess because of the shutdown. Seriously, this is accounting in America. If someone works for the government, they count them as GDP. And you would sa
1:04:28 / 1:05:31
from transcript1:04:28 – 1:05:31
...GDP itself is gonna be very, very challenged by AI because information work yeah. So how we how we capture it effectively is all of an economic good and then the service hours divided by hours. Okay? So there isn't, like, a widget to widget differenc
1:01:19 / 1:02:33
from transcript1:01:19 – 1:02:33
...go back to our GDP calculation, right, in macroeconomics c plus I plus g, where g is the amount of money the government spending. Well, the amount of money the government spending is going down. So tariffs is a headwind to the economy and this auster
52:25 / 53:33
from transcript52:25 – 53:33
...of GDP to represent people exchanging money for goods and services. People, like, basically, exchanging their labor for goods exchanging the value of their labor for goods and services. That's at a fundamental level, that's what GDP is. We're envisio
19:31 / 20:31
from transcript19:31 – 20:31
...means to a sort of internal pricing that a few overlords set for the things that their AI agents want to do, and that's incredibly different than what we've called GDP in the past. I think the economy will be incredibly different from what it was in
20:10 / 21:18
from transcript20:10 – 21:18
I think voice and also, ties in with device type, and this is where Alexa may have some, you know, some assets. But, like, I'd you know, it'd be if if the voice were spectacular, they might not have to carry the phone around as much. And by the way b
23:54 / 25:02
from transcript23:54 – 25:02
...GDP is gonna grow. We don't know the economic benefit and effects of AI. We don't know the economic benefits and effects of the work that's being done to deregulate. Another key point, which is not talked about by Navarro or anywhere else, there's a
1:09:37 / 1:10:46
from transcript1:09:37 – 1:10:46
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