The economic indicators are not indicators that work for the populace at large. We need better indicators.

Just look at china’s economic growth. They have built entire ghost cities and values all they built at market prices, as if they where in hot demand. And this skyrocketed the economy. It was a massive ponzi scheme., but the numbers looked great.

In western Europe, housing is scares, skyrocketing the house prices, this adds to the value of the housing pool, in turn to the total value of the economy… and we call if growth and increase in wealth. But no one who owns their house will be able to cash in that value increase until they die. Stupid indicator if you ask me.