Quote:
Originally Posted by timj219
I'm saying these statistics are meaningless to most americans and have no connection to the financial well being of most americans. I couldn't care less if people who need to follow the "market" use these measures all the time. I'm just tired of them being touted as meaningful to most people. For most americans the important statistics are wage growth and buying power. Net new jobs is also important but net new jobs that pay as much as the old ones is even more so.
Professional investors find these numbers very helpful but they are the wrong ones for determining public policy.
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Every citizen "needs" to follow the market. If you don't you really don't have a leg to stand on. And you can't just pick and choose which statistics you want to base your ideas on. In order to gain an accurate picture you have to review all available sources; again following the market.