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Michael Pettis
michaelpettis.bsky.social
did:plc:aday7msfnpqba7psqpjq3pij
6/15
But there is another way, to which Kim refers in his essay. It may be real GDP is much lower than reported GDP. If it is true that a significant share of investment is wasted, but that this waste isn't accounted for in the GDP data, mainly because investment losses...
2025-08-26T09:56:35.414Z