Maybe these metrics are what's crap? GDP doesn't mean much for people day to day. Neither does how high a score the stock market happened to hit in its arbitrary magic points system.
People care about the job market, the cost of living, direction effects of inflation on buying goods and services. When people say they economy sucks they mean they can't buy a car right now because the bank will only give them an ass interest rate even with great credit and the price of groceries has skyrocketed.
I've believed for awhile now the stock market has been a poor measure of the economy because its become decoupled from the "real" economy, ie: the things I listed above.
People care about the job market, the cost of living, direction effects of inflation on buying goods and services. When people say they economy sucks they mean they can't buy a car right now because the bank will only give them an ass interest rate even with great credit and the price of groceries has skyrocketed.
I've believed for awhile now the stock market has been a poor measure of the economy because its become decoupled from the "real" economy, ie: the things I listed above.