Is GDP Wildly Underestimating GDP? – Seeking Alpha (registration)

By Steve Roth

The markets have been showing a rather particular schizophrenia over the last dozen or so years — but not, perhaps, the one you may be thinking of. This schizo-disconnect is between the goods markets and the asset markets, and their valuations of U.S. production.

In short, the existing-asset markets think we’re producing and saving far more than we see being sold and accumulated in the newly-produced-goods markets. Take a look:

(click to enlarge)

(See here for some ways to think about these measures. The spreadsheet cumulating saving is here. You can find all the data series on Fred here.)

A huge gap has emerged between what we’ve saved and what we’re worth.

Household Net Worth is the asset markets’ best estimate of what all our privately-held real assets are worth. It’s our best or perhaps only proxy for that value. (Household net worth includes all firms’ net worth, since households are firms’ ultimate shareholders. Firms, by contrast, don’t own households. Yet.) This is not just about assets like drill presses and buildings, but also skills, techniques, knowledge, organizational systems, etc. — all the tangible and intangible stuff that allows us to produce more stuff in the future. Household Net Worth at least provides us with an index of the change in that total value, as estimated by the asset markets.

As we increase our stock of real assets (“save,” by producing more than we consume), household net worth (wealth, or claims on those real assets) increases. The valuation jumps up and down as asset markets re-evaluate what all those real assets are worth — how much output and income they’ll produce in the future — but the two measures generally (should) move together.

Except: Since about ’98, and especially since ’02, that hasn’t been true. And no: zooming in on earlier periods doesn’t reveal the kind of anomaly we’ve seen since 2002.

There are two oddities here:

First, the flattening of cumulative savings: this measure was increasing exponentially for decades. Then it slowed significantly starting in the late 90s, and has gone flat to negative since The Great Whatever.

Second, the continued exponential growth of household net worth, and the resulting divergence of the two measures.

But bottom line: Net Worth and the cumulative stock of savings used to move pretty much together. They don’t anymore. What in the heck is going on?

There are three possibilities:

The asset markets are wrong. They’re wildly overestimating the value of our existing stock of real assets, and the output/income they’ll deliver in the future. See: “Irrational exuberance.”

The goods markets are wrong. The market for newly-produced goods and services is setting the prices for newly produced goods below the production’s actual value.

GDP is wrong. We’re producing something that’s not being measured by the BEA methods (tallying up what people spend on produced goods). There’s production the GDP methods can’t see in sales, so it doesn’t show up in saving (production minus consumption). But the asset markets can see it (or…sense it), and they deliver it to households in later periods, through the mechanism of market asset revaluation/capital gains.

Techno-optimists will like this last one. You’ve heard it before: The BEA has no sales-based method for estimating the produced value of free digital goods like Wikipedia, or the utility people derive from using them. They’re not purchased, so the BEA can’t “see” them. They could look at ad dollars spent on Facebook as a proxy for the value of browsing Facebook, but…that’s a pretty shaky estimation method, especially when many of those ad dollars would have been spent anyway, in other media. GDP simply doesn’t, can’t, measure that value, because nobody purchases it.

The timing sure supports this invisible-digital-goods story. The divergence takes off four to eight years after the release of the first mainstream web browser, and the global mainstreaming of the internet in general.

But it’s worth pausing before swallowing that explanation wholesale. You have to ask, for instance:

How does the internet/digital-goods story explain the flatlining of cumulative savings? Shouldn’t that continue to rise, though perhaps not as fast as net worth? Has the internet killed off sales (and accumulation) of traditionally measurable, purchased, goods to the extraordinary extent we see over the last dozen-plus years?

Are the asset markets seeing something else that GDP can’t see? Improved supply-chain management? More-efficient corporate extraction of profits from other other (less-developed?) countries? More-effective suppression of low-end wages? The rising costs of education and health care? (Which the BEA counts as consumption, extracted from saving, even though they’re arguably investment at least in part; they produce very real though intangible and difficult-to-measure long-term value/assets.) Or — here’s a flier — does it have something to do with the Commodities Futures Modernization Act and other financial “liberalizations” passed in the waning days of the Clinton administration? Something else entirely? In particular: would any of these explain the striking trend change in the cumulative savings measure?

Whatever the causes, the divergence of these two measures suggests a rather profound and singular economic shift of late — a shift that is not being widely discussed, even amidst the recent spate of commentary on Piketty’s Capital. (Piketty, by the way, defines wealth and capital synonymously — though his usages are not always consistent.) Prominent exceptions include the economists Joseph Stiglitz and Branko Milanovic, who are actively interrogating the troublesome theoretical intersection of wealth and real capital. The recent divergence of these two national accounting measures suggests that they’re tilling fertile ground for our understanding of how monetary economies work, and how we measure those workings.

Note: Technically one might add (negative) government net worth to the household measure to arrive at national net worth. But: 1. government net-worth estimates are inevitably dicey to meaningless. Government assets (and services) aren’t generally sold in the marketplace, so we have no observable sales information to base our estimates on. Liabilities are also very tricky: estimates vary massively based on your chosen time horizon and (necessarily) arbitrarily chosen discount and economic-growth rates. And 2. It barely changes the picture drawn above. Feel free to add government to the spreadsheet if you want; you’ll find estimates of net worth for the federal, and state/local, government sectors here. Net worth is — as it should be — the bottom line for each sector.

Best VPN for School – VPN Creative (blog)

By Paul Nash | 17 January 2015 at 3:00 pm CET | No Comments

It is advisable to use a VPN to secure your browsing habits wherever you may be. However, there are places wherein browsing the web is controlled and limited. Aside from countries where strict regulations of the Internet are imposed, some schools also restrict access to the Internet to anyone within campus premises.

vpn for school

Photo: YanLev / Shutterstock

Sure, school is where we learn the things we need in order to become competent in the profession we choose. Many institutions, however, are limiting and restricting Internet access to its students. Content that isn’t scholastically challenging is blocked. Streaming videos, chatting with friends, social media and occasional gaming are factors that are considered to have negative effects on the students’ focus towards learning.

Thus, access to the Internet at schools is usually restricted if not blocked. While many schools have an open Wi-Fi hotspot accessible to anyone, only informative websites are allowed, meaning access to YouTube, Facebook and other ‘non-academic’ stuff are blocked by the school administration.

Since Proxy services are also being blocked at school, the only choice is to use a VPN service. A VPN will allow you to unblock and bypass all kinds of restrictions imposed by the school, the ISP or even the government as well.

VPN for School

In terms of security features, a VPN is the better tool than a proxy service. Not only can VPN unblock restricted content at school, but it also improves your security and keeps your data as private as possible.

There are numerous VPN service providers in the industry and choosing the right one for your needs can be overwhelming. In order to bypass web filters at your school, first you need a reliable VPN service that is capable of unblocking the web anywhere you go.

Below is a list of five best VPNs for school. Our selection of these VPN providers was based on the overall performance and reliability, server stability and user recommendations.

PureVPN

PureVPN screenshot

PureVPN is the VPN company that you can trust when it comes to pure and quality VPN connections. PureVPN is based in Hong Kong and was established in 2006. Today, the VPN company has over 300 servers that are scattered all over the world. PureVPN supports major platforms including Windows, Linux, Mac OS, iOS and Android devices. So, wherever you are, whether you’re at school or at the mall, connecting to the public Wi-Fi hotspot shouldn’t cause any problems.

Here is our comprehensive PureVPN review

IPVanish

IPVanish screenshot

IPVanish promises to provide stable and reliable VPN connections to users worldwide. IPVanish unblocks all kinds of Internet restrictions. The VPN company hosts 140+ servers located in 61 countries. The IPVanish VPN service costs $10 a month. IPVanish will work on almost all devices. You can set up the VPN service on Windows, Mac, iOS, Android, Windows Phone, Ubuntu and wireless routers too. Connect to the Internet securely by using IPVanish.

Learn more about this VPN service on this IPVanish review.

VPNBook

VPNbook

VPNBook is one of the most recommended free VPN services. A free VPN access definitely comes in handy especially for students who don’t have the means to pay for a premium VPN access on a monthly basis. VPNBook works well just like any other premium VPN service. VPNBook supports Windows, Mac OS, Ubuntu, iPad and Android platforms.

Give the service a try today, visit VPNBook.com.

Cyberghost

cyberghost 1

CyberGhost offers quality VPN access either through a free or premium VPN package. Its free VPN offering is more popular than its paid subscriptions. CyberGhost provides a reliable service for your anonymity needs. Using CyberGhost’s VPN service will allow you to surf the web anonymously and securely. CyberGhost has more than 400 servers that are strategically located across the globe.

Here’s a comprehensive CyberGhost review.

Private Internet Access

VPN Service  from the Leaders in VPN   Private Internet Access VPN Service

Private Internet Access (PIA) offers affordable and reliable VPN services. Their VPN offers costs as low as $3.33 so even students can afford to buy a quality VPN service for just a few bucks. PIA claims to have 800+ servers located in 11 countries. Those whose looking to unblock web filters at school can count on PIA.

Find out what PIA has to offer by reading this Private Internet Access review.

Download UC Browser for PC – The Fuse Joplin

The UC browser for PC has fast become the go to browser for computer users across the globe. It currently has in excess of 400 million users across 150 regions and countries. The browser is available in 7 languages. By using the technologies of data compression and cloud acceleration, UC browser has become one of the fastest browsers on the planet.

In fact, the server acts as a kind of proxy, that compresses web page data before sending it across the network. It also features advanced HTML5 web application that allows for cloud syncing, providing even faster web content loading.

UC browser for PC was primarily designed for use with Android platforms. However, it also runs with Windows 7, Windows 8, and Windows XP. Once you use this browser you will never go back. It will allow you to increase your browsing speed by a whopping 80%. This will enhance your browsing experience immeasurably. In fact the download speed will be comparable to what you would achieve on a mobile or smartphone.

UC browser for PC uses up very little memory and compresses the data to conserve your internet usage. This browser is in fact the most economical in terms of bandwidth use that is available anywhere. It is available as an .exe file. It even supports Flash.

UC browser is an Android application that provides you fast and smooth web serving capabilities. It is a totally free application. UC browser for PC has become one of the most popular web browsers in the market for personal computer users. Using a high end compression technique, UC browser for PC allows you to enjoy all of the benefits of using the internet without having to pay an excessive amount of money for data.

It also has a built in theme which allows you to customise and decorate your browser. The browser works well on 2G and 3G networks. It provides end users with a superior browsing and downloading experience. In short UC browser for PC provides a simple, all encompassing, hassle free internet experience.

UC Browser for PC features a simple to use interface. The on screen functions available to users include download manager, browsing under incognito mode, videos on full screen, and speed dial. The latest version of the browser also features Speed Mode 11 and AutoPager. AutoPager provides for seamless web page reading with the next page loading automatically once the reader has finished the current page.

The following steps will allow you to download UC Browser for PC.

Step One

Download Bluestacks App Player for Windows onto your PC. You can download Bluestacks App on the official website.

Step Two

Once you have installed Bluestacks App Player for Windows, use it to search for the UC Browser App. Click to download the App. Once you click download you will be given two options. Click on the most convenient option for you. Once the App downloads, you will be able to enjoy UC Browser for PC.

The UC Browser for PC will revolutionize your web browsing experience while saving you money at the same time. Try it.

<b>Browsing</b> through ssh socks <b>proxy</b> -> through reverse tunnel – Super <b>…</b>

I tested this on my systems and didn’t have any problems.

hostA: $ ssh -R 1234:localhost:22 user@hostb

hostB: $ ssh -p 1234 localhost -D 5678

hostB:

$ curl http://portquiz.net
Port 80 test successful!
Your IP: 66.77.88.159

$ curl –socks5 localhost:5678 http://portquiz.net
Port 80 test successful!
Your IP: 23.31.31.35

Does the curl command work? If so, in Firefox you’ll want set HTTP Proxy: localhost Port: 5678 and check Use this proxy server for all protocols.

If the curl command does not work, I would check that iptables and selinux aren’t getting in the way. For troubleshooting, I would recommend disabling iptables and selinux on both hosts. This is only temporary and should not be considered a permanent solution.

Digital Natives Are Becoming ‘Generation Invisible’ – MediaPost Communications

From hacked passwords to stolen photographs, 2014 has not been a good year for online privacy. As a result, it’s not much of a surprise to see that we’re becoming more worried about
this issue than ever before. Across the 32 countries that GlobalWebIndex surveys, 58% now say that they are concerned about the internet eroding their personal privacy — a figure which has been
rising slowly but surely every quarter since 2010. What’s more, this is a sentiment that cuts across demographics to be felt by virtually all groups in equal measure.

Of course,
it’s pretty easy to say that you’re concerned about online privacy. It takes much more effort to do anything about it and to challenge the status quo. However, our latest research
shows that this is one area where digital consumers are not just talking the talk: sizable groups are now taking direct and pro-active steps to safeguard their digital footprints. In the process, they
are creating major headaches for traditional tracking techniques. 

At the most mainstream end of the spectrum, over three-quarters of online adults say that they have deleted cookies so
that websites will not remember them — with 40% doing this on a monthly basis. Use of a private browsing window is equally widespread (nearly 50% have done so in the past month), whereas smaller —
but still significant — segments are turning to ad-blocking (30%) and anti-tracking (20%) tools.

Virtual Private Networks (VPNs) and Proxy Servers are thriving too. For anyone who is
unfamiliar with these tools, they allow people to bypass traditional connections and tracking methods to use the Internet via a remotely located server; essentially, it’s as if people are
entering the Internet discretely via a side door rather than through the main entrance. At present, VPNs are still viewed as pretty niche tools used mainly by savviest or geekiest of Internet users.
Worldwide, however, it’s over a quarter of online adults who say they have used one to connect to the Web. And while it might be just 7.5% who report doing this with the explicit aim of
protecting their online anonymity, that figure translates to more than 100 million individuals across 32 countries. Hardly that niche, then — especially if we recognise that this rather specialized
behaviour is an extreme response to a sentiment felt much more widely (globally, just over half of online adults say they “prefer to by anonymous when using the Internet”).

Wherever we look, then, it’s clear that significant segments of Internet users are a lot more switched on in terms of their online privacy than is often acknowledged. While none of these
tools is (yet) mainstream, we’re faced with the stark reality that weighty chunks of the online population are becoming — and want to become — increasingly hidden from view;
they’re the “forgotten” internet users determined to shield their details and activities from media providers and advertisers alike.

For any brand or marketer out there,
these figures should make for some pretty uncomfortable reading. But drill down into the demographics of online privacy behaviours and picture becomes starker still — especially in relation to age.
Currently, older segments are more likely than others about to be worried about their online privacy, but less likely to be taking any steps as a result of these concerns; in short, privacy-related
concerns peak among the oldest age groups, whereas privacy-driven actions are more common in the younger age brackets.

Of course, this type of age distribution is hardly unusual
when it comes to digital trends; youngest groups always tend to be ahead of the curve. Here, however, it carries some pretty major implications: among 16-34s, for example, using a private browsing
window is already a majoritarian behaviour, scoring above the 50% mark. The same is true for deleting cookies.

Now, it has long been known that today’s youngest Internet users are
digital natives — completely accustomed to behaviours like second-screening and multi-networking. Increasingly, though, it looks like they’re becoming privacy specialists too — the opt-out
generation whose default setting is to deploy privacy-boosting tools. Unless brands and agencies start taking steps to address this, we might as well forget about targeting Gen Y or Z and prepare
ourselves for the arrival of Generation Invisible.

How to Use Zenmate <b>Proxy</b> for Chrome and Firefox Invisible <b>Browsing</b>

Zenmate is love! I can’t live without it because in the place where I am living right now has a ban on Youtube for last many years. Its a simple and user friendly Free Google chrome extension and Firefox Addon with as many as 5 different ip addresses including United Kingdom, United States of America, Germany, Switzerland and Hong Kong.

How to Use Zenmate Proxy for Chrome and Firefox Invisible Browsing

There are many useful websites, which are currently banned in Middle Eastern countries as well as Asian countries. If you ask the government of those countries about the reason, you won’t believe that they don’t have anything to say. Anyways, Zenmate extension is always there for our rescue and it does not make you feel upset because of countrywide bans or any blockages.

Download Zenmte Plugin

Zenmate Chrome Extension or  Zenmate Firefox Addon

How to use Zenmate Proxy

How to Use Zenmate Proxy for Chrome and Firefox Invisible Browsing

For Google Chrome, The icon, which is highlighted in the above shown picture will turn on green after switching it on. Always make sure to switch it off after using your blocked website, otherwise, you can face slow browsing speed.

You can press the on button to switch it on and press off to switch it off:

How to Use Zenmate Proxy for Chrome and Firefox Invisible Browsing

To change the location, check out the image below:

How to Use Zenmate Proxy for Chrome and Firefox Invisible Browsing

How to Use Zenmate Proxy for Chrome and Firefox Invisible Browsing

UK IP is the best from other 4 countries because of its extremely fast loading. You can not only watch youtube videos with a normal buffering, but you can also upload videos on youtube without any problem. Besides that, Zenmate is also used to disguise your ip address, if any website hs blocked your ip. This trick is mostly used by Marketers because they are the ones, which are prone to these kind of blockages.

There are lots of proxies available online, but I find Zenmate very easy to use and its speed is just too fabulous. In my upcoming post, you will learn how to best use of this amazing feature in your online business.

Don’t forget to Subscribe Us via Email to get regular updates.

Win8 <b>Proxy</b> Malware Prevents Safe Mode Boot and <b>Browsing</b> – How <b>…</b>

A Win8 Proxy Malware Prevents Safe Mode Boot and Browsing. Chrome, Firefox, and IE get a proxy error browsing any site. Malwarebytes antimalware

Somehow a nasty piece of malware infected client’s laptop running Win8, so he handed it to me. He complained that he could not browse the web with Firefox because of a “proxy” problem (browser displayed a related message).

Digging, I found reference to a Youtube video showing that unchecking the Chrome Browser settings/advanced/lan/proxy box did no good because the malware rechecked it immediately after closing the dialog. The video suggested rebooting in safe mode, resetting the proxy flag to zero in the registry, removing the unwanted command in Run in the registry. That would fix the problem.

It didn’t. In fact, I could not make Win8 boot in safe mode at all. I ran rootkit detectors from Kaspersky (TDSSkiller) and Malwarebytes (MBAR) to no avail. I’ll keep grinding till I find a permanent solution.

Meanwhile, I did find a temporary solution. I installed Comodo DRAGON browser (a Chrome clone). It provides an advanced setting that lets you check the DIRECT browse box (disabling proxy). That lets me browse web sites with IRON. However the other browsers still suffer the proxy block.

FYI, in Chrome you can see the proxy is setup at Settings/ShowAdvancedSettings/Network/ChangeProxySettings/LANsettings/Advanced

On my client system it shows these settings which I imagine the malware creates and reinserts every time you delete them:

Proxy Servers HTTP:127.0.0.1:50124
Exceptions <-loopback>

Chrome Data Compression <b>Proxy</b> Extension To Improve <b>Browsing</b> <b>…</b>

Data Compression Proxy is a free Chrome extension to improve browsing speed. As the name pretty much makes it clear, Data Compression Proxy lets you browse the web a little bit faster while using Chrome, by compressing the traffic. Data Compression Proxy essentially routes all of the regular HTTP web traffic through Chrome’s own Compression Proxy server, utilizing the proprietary SPDY (pronounced as Speedy) protocol. An experimental extension, Data Compression Proxy brings the data compression goodness of Chrome’s mobile version to its desktop counterpart. Apart from standard data compression features, Data Compression Proxy also includes a built-in ad blocker with customizable rule based blocking. It even includes a bypass filter which can be used to exclude certain servers from being proxied at all. And the best part is that you can enable or disable it with a single click. Sounds too good to be true? Keep reading and find out for yourself!

data compression proxy in action
Sponsored Links

How To Use This Free Chrome Data Compression Proxy Extension To Improve Browsing Speed?

Before you can get started with Data Compression Proxy to supercharge your web browsing, the installation part needs to be completed. Installation is a simple affair, akin to installing any other extension to Google Chrome. All you have to do is head over to the Chrome Web Store, search for Data Compression Proxy and when found, hit the Add to Chrome button. Once installed, it’s all up and ready to work. Let’s see how this thing does what it does:

Step 1: Once Data Compression Proxy is successfully installed, you will notice the extension’s icon on the Chrome options bar. By default, the color of this icon is Red, indicating that the proxy features are disabled. Here’s a screenshot:

data compression proxy icon

Step 2: Now, what do you do to turn on Data Compression Proxy’s mojo in order to make your web browsing better? It’s ridiculously simple. All you have to do is click the Data Compression Proxy icon. Once you do that, the thing will turn from Red to Green, indicating that the extension is now activated. From now on, all of your HTTP web traffic will be routed through Chrome’s own Compression Proxy server, utilizing the SPDY protocol. As you browse the web using Data Compression Proxy, you should notice a slight increase in the browsing speed. Pretty cool, right?

As mentioned before in the article, Data Compression Proxy also includes a built in ad-blocker and bypass list, both of which are customizable. If you want to dig in and configure these tweaks, you can easily do so via the extension’s options.

data compression proxy options

Also See: Free Chrome Extension To Browse Anonymously: GeoProxy

Conclusion

Data Compression Proxy is a nifty free Chrome extension to improve browsing speed. It uses Chrome’s mobile version’s data compression goodness to improve your web browsing experience on the desktop. Although the difference in performance might not be that big in some cases but hey, any improvement is always welcome, right? Do give it a try, and let me know what you think in the comments below.

Get Data Compression Proxy for Google Chrome Here.

Home Page: Click Here
Works With: Google Chrome
Free / Paid: Free

Link to This Page:

free of <b>proxy browser</b> | austinraindance.com

[unable to retrieve full-text content]Enabled will Its to Browsing QuestionsFeedback. IP Proxy Proxy. Free FOR FREE Proxy Browse Servers connection proxy hidden free in online, download downloading option proxy is browsing VERSION or Web Chrome …

CyberGhost VPN – Free <b>Proxy</b> extension – Opera add-ons

CyberGhost’s Opera browser extension is FREE to use for everybody. It’s also very easy to use. Just hit our Power button and your IP will be changed in a second.

CyberGhost is a trusted VPN provider, with over 3,9 million satisfied customers worldwide.

Here’s what you get with our Free Proxy Plugin:

✔ Fast online anonymity
With just a click, your identity when browsing online is protected.

✔ New IP
We change your IP address with one of ours.

✔ Encrypted connection
Just like the encryption used in military organizations, we’ll protect your browser data with 256-bit AES encryption.

✔ Unblock Online content
Having troubles watching YouTube videos, or Hulu or BBC? Turn this proxy plugin on and all your problems will fade away. Local restrictions no longer apply to you.

Attention:
Please note that this browser plugin is not secure when accessing Flash content. For full online protection, we recommend you to install our desktop and mobile VPN solution: CyberGhost VPN (http://www.cyberghostvpn.com).

Got questions? Write to our support team at [email protected]
Do you want more? Try out CyberGhost VPN, available for Windows, Mac, iOS and Android, today: http://www.cyberghostvpn.com/

Join also our online communities:
Facebook: https://www.facebook.com/cyberghostEN
Twitter: https://twitter.com/CyberGhost_EN
Google+: https://plus.google.com/u/0/+CyberghostvpnOfficial
Forum: https://community.cyberghostvpn.com/

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