₦airaland Forum

rvp2018:
I think they already printed rand to buy gov bonds because the South Africa investment analysts was advising their clients to buy zero gov bonds. I guess you're giving your clients the best advice - SHIP the money abroad!

And ANC is left with no option but PRINT THE RAND FROM THIN AIR.

See this were you went wrong.....you started thinking!!

Also fyi now is the time to invest in SA Government Bonds, as the yield is the highest its been since 2008......which means bonds are cheap. Secondly government bonds specifically 7 year bonds are giving approximately 5% higher income than cash , the biggest difference in 16 years

rvp2018:
What is so difficult in calculating GDP?

If it was genuinely so easy people like you would do it

rvp2018:
Read this - Statistics South Africa (Stats SA) will release the results of the Gross domestic product (GDP) for the fourth quarter of 2019, at a media briefing to be held on Tuesday, 3 March 2020

Now, why isn't South Africa Chief Economist releasing GDP? Because GDP is statistics - it basically Q time price - and a summation. Economists take GDP stats and try to make sense out of it..

You are not an investment analyst - may be a mere bean counter.

Jeezes you are dumber than i thought!!!

You do realize that Stats SA hire economists to calculate economic statistics like GDP right?? There are literally job vacancies on their website right now for Economists!!

rvp2018:
Context is everything. If you agree that GDP is basic statistics - then you agree it's not the domain of economist at all - but every citizen should be able to understand that GDP is counting the beans, the goats, the maize produced per annum. And that was the point - that I was trying to put a cross.

But obviously you're interested in polemics.

A South African Investment Analyst who misses South Africa Reserve Bank printing MONEY to buy gov debt for the first time.

What exactly are you ANALYSING? and who are you, clients. No wonder South Africa has seen a SHOCKING CAPITAL flight.

If the kind of Investment Analyst they are producing are you type- then South Africa will continue to print more and more money.

Investment are being shifted from Joburg to London - as we speak - because your type cannot analyze shiet.

Bolded: How the fvck did you come to the conclusion that i missed that?? I stated it was fake news that our former minister said thatthey would print money to make everyone rich..........It was the statement i said was fake not the fact that the reserve bank is considering to print money to finance its deficits.

The rest of you post is just B/s not worth a response!!

rvp2018:
GDP is the statistics of the economy. The keyword is statistics. Now as an accountant - you learn economics - just like I also learned economic 101 as a CS major. But btw an economist and a statistician - the statistician comes up with GDP - and the economist ANALYSE GDP.

Collection and coming up of GDP is the work of Statistician. The interpretation of GDP figures is the work of an economist - who then design economic policies.

Most statisticians work in Planning and Stats office that come up with GDP figures.

Most economists work in the Treasury who come up with economic policies - tax, fiscal, monetary, labor, name it.

Hahahaha look at you grasping at straws!!!

Let me remind you what you said "GDP is actually not Economics-it is basic statistics"
Now all of a sudden GDP is statistics of the economy.... Yet you said GDP had nothing to do with Economics

Also fyi never claimed GDP wasn't statistical in nature... All I said is GDP is economics!!

And maybe Google the history of GDP and you would realise that it was economists and not staticians that developed the formulas for calculating GDP

rvp2018:
Unlike you who knows nothing really about GDP and thinks it's a magic number. I have worked with National Statistics offices in matter data and I know what they do and what they don't do. The first time I was in Rwanda in 2010 - I went there to rollout US's csPRO software - funded by OECD and WB. I later participated in many Africa countries' metadata standardization for National Statistics. I spent two weeks in Kigali building data collection forms for calculation of GDP aka National Accounts, household data and many things. I never met any economist while I was there

Cool story bro keep telling yourself GDP isn't economics!! Makes no difference to the majority of us that know what GDP is!

Just FYI Im an Investment analyst you are a software engineer.......I'm literally an expert in the economic field... And you are a dude that thinks gdp isn't economics

gallivant:
UAE and Saudi Arabia might be swimming in oil but their society is still operating on medieval laws. Very bad examples.

might be medieval to you but in terms of HDI, per capita wealth ect ect they are doing very very well

gallivant:
That's a natural animal instict, fight-or-flight. In humans we pray when faced with an acute crisis. The most chaotic countries and people in crisis are the most religious. Africa,India, Arabia etc. You will find religion diminishes with the good social wellbeing/education of any nation. If you want to end droughts stop cutting trees, you can pray all Sunday and Friday but the rains won't come. To make a long story short you can actually draw pararrels between religious piety and the lack of education.

mostly yes but not always countries like Singapore, UAE, Saudi Arabia and the US are religious yet very well developed and have great education systems

Shma:
GDP definition and how it applies is what can be found in economics, yes and statistics as well.
If you need an explanation on how gdp data was calcated, a startician can do that well, and hence. Economist should have statistics knowledge to blend it with economic staffs
You should know that a GDP is a key measure within a wider framework of economic statistics which is often simply referred to as national accounts.

OK and? I never denied Economics not being statistical in nature infact if you studied economics you would have had statistics as a subject...

However this was never my argument... Your bros claimed GDP wasn't economics at all!! That is what I was debating

TayserMahri:
Lying again ...post a screenshot where he said that. What he was saying, and I recall pretty well, was that you dont need to be an economist to deconstruct GDP...most of you are pretty mad that a Kenyan software engineer can dissect your fake GDPs with such precision.

Not he they.... and they were saying gdp isn't economics!!

kabe1:
South-African Navy Frigate and Submarine

that's one of our old daphne class subs..

rvp2018:
What is included or excluded was long covered by UN Stats office. Everyone pretty much follows the International Standard Industrial Classification of All Economic Activities (ISIC). And we are now on Rev4. So statisticians basically measures GDP without reference to economist - because it simply counting and find market prices.

Who came up with the ISIC?? Statisticians or economists?

gallivant:
That's fair I suppose. Seems like we reached a consensus, Nigerians don't have a clue. Right?

As you know by now a got no beef with Kenya, Nigeria, Ghana, Tanzania ect ect ect.

I just call it as I see it , won't be long before I'm back debating our Nigerian friends

TayserMahri:
Not relevant at all...you could as well keep asking more whys after I respond to the first why.

As you were told a gazillion times, the calculations are statistical That was the bone of contention. You couldn't prove otherwise. Actually, overall, GDP has more statistics in it that Economics. Data collection, preparation, input, processing, analysis, and compiling is purely statistics...economists only interpret results and determine what goods/services to include. Go ahead and ask another why...

I wasn't arguing that GDP wasn't statistical in nature, your boy claimed it wasn't economics at all, and that it wasn't calculated by economist but only by statisticians.

GDP is economics.... And you study it in Economics and its calculated by economists EOD

gallivant:
So how dare you argue with nature?

because I wast arguing that gdp wasn't statistical in nature..... I was arguing the fact that your boy stated GDP isn't economics.... And was calculated by statisticians and not economists.

Shma:
we have statistics as a unit in economics, hence the reason he said it

I has both statistics and economics as a subject.... However learned about GDP and how to calculate it in Economics not statistics.

TayserMahri:
Why is not an important question.

it's actually a very very relevant question...

gallivant:
That's a whole new question. The topic was whether GDP is purely statistics or not.

GDP is statistical in nature, however its economics and you study it in Economics not statistics

Now that I've answered your question, you can answer mine

gallivant:
A statistician can easily calculate GDP if the data is availed. It's all about numbers and variables.

Answer the question and stop shifting the goal posts... Are economist statisticians?

TayserMahri:
The calculation part is PURE STATISTICS. You just need to have the numbers to get the job done, even with zero economics knowledge. How they gather the numbers and how they interpret them is economics. But calculation (and analysis) is, once again, Stoffie, statistics

OK so answer my question..... why have I never learned gdp calculations in statistics but rather learned them in economics?

gallivant:
Yes you learn in economics class but the subject is just pure numbers, statistics.

so are people that study economics statisticians or economist?

TayserMahri:
And the point im trying to make is that Y = C + I + G + (X – M) is statistics.

So it's statistics yet you study it in Economics and not statistics....

Pentagon56:
Try to know a different between pedigree beorboel and non pedigree beorboel

By by law in South Africa you don't get pedigree and none pedigree boerboels it's either a boerboel or its a mutt.

Here is the actual law: act 68 of 1998 (AIA)

obaaderemi:
That was just a little bit of sarcasm at your expense. That you couldn't discern that is hilarious.

I was just poking fun at a Kenyan who said South Africa should print more rand as a way out of economic crisis.

fair enough

TayserMahri:
You never came across econometrics in your CFA GDP calculation is pure statistics. It only becomes economics once you start applying econ theories to interpret the numbers.

Econometrics is still part of Economics..... You don't learn econometrics when studying Math/statistics.... You study it in Economics... That's the point I'm making.

gallivant:
Calculating Gross Domestic Product is a job for a statstician. You don't need a phd in economics to do that.

it's calculated by economist bro!! You don't learn GDP in statistics you learn it in economics

kabe1:
You're not making any sense.

What's not making sense?

kabe1:
Other countries in Africa? NO!!

The only other country I know that has added amour is Afghanistan.

Yes unlike other African countries

chiboy1116:
nah , Caucasians are just bigger bro . There's no comparison.

You've obviously 1. never seen a proper SABBS registered Boerboel and 2. Not read the Breed standard of both Breeds

chiboy1116:
what are they called lol

Mixed breeds

Other countries also have added armour not just the Nigerian variant

kabe1:
Unlike Super Tucanos used by other countries, Nigerian Super Tucanos come with added amour protection for the pilots.


Note the additional side amours by the cockpit.

obaaderemi:
Good for you! So will South Africa be printing more Rand to give everyone helicopter money?

You do realize that was fake news right? Nene never said SA will prent money to make people rich...........The fact that you can't differentiate between real and fake news is actually scary!!