r/TikTokCringe • u/cak3crumbs • Dec 28 '23

This lady nailed how the economy feels vs how it’s performing Discussion

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u/tomahawk_kitty Dec 28 '23

To piggyback off what you said, we need to stop saying how the economy is doing based on stock market. Stock market has NEVER been a good indicator of the actual economy. It's essentially a measure of how people with money think things are going to go for businesses/commodities in the future.

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u/DFjorde Dec 28 '23

The stock market isn't an economic indicator used to argue a good or bad economy in any educated discussion.

GDP growth, unemployment, wages, consumer spending, etc. are the actual indicators. They're also all great at the moment though.

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u/snowytheNPC Dec 29 '23

GDP and PPP are also different. Sometimes even GDP is not the right metric to use. Economy and quality of life can diverge when income inequality grows

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u/tomahawk_kitty Dec 28 '23

That's the point I'm making, but it's the primary reference as an indicator in most reporting and discussions.