I personally go by money velocity and natural inflation (as in creation of nonphysical money via debts) as indicators for good or bad economy.
When people spend money that they actually have, all is well. When people save money: they are afraid. When they spend money that they dont have:they should be.
Something people all over the world are starting to realize, as a new age of aggression is upon us, is that GDP is just a trade indicator which doesn’t quantify a country’s capability or assets.
I personally go by money velocity and natural inflation (as in creation of nonphysical money via debts) as indicators for good or bad economy.
When people spend money that they actually have, all is well. When people save money: they are afraid. When they spend money that they dont have:they should be.
Something people all over the world are starting to realize, as a new age of aggression is upon us, is that GDP is just a trade indicator which doesn’t quantify a country’s capability or assets.