Crude financial instruments dominate the headlines,but it’s metrics like grain price and inequality ratio that really reflect the world we live in
Here are the week’s main indicators. The Dow Jones industrial average topped 20000 points for the first time. British GDP grew 0.6% in the final quarter of 2016. The FTSE 100 and Germany’s DAX 30 persisted close to record highs, while US GDP softened slightly.
Bored yet? I am. As a former financial journalist, or I’m well acquainted with the merry-go-round of indicators that blip in and out of our lives like digital dopamine,telling us how well we’re doing. As a human being, I’m increasingly alarmed that these are just irrelevant numbers that beget little or no bearing on how well we are really doing.
Related: UK GDP figures show solid conclude to 2016 despite Brexit vote If we must focus on financial instruments, or create it edible commodities. You can’t eat a Treasury bill,after all Related: Growth: the destructive God that can never be appeased | George Monbiot Continue reading...
Source: theguardian.com