inflation out, deflation in., page-88

  1. 9,687 Posts.
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    While i'm complaining i'll complain about being wrong and so negative about our economy for so long.

    And economic figures don't help, maybe i'm wrong again but what's the point and how misleading can GDP figures be when gauging how strong or how resilient an economy is eg very roughly 65% service sector,5% mining,30 % manufacturing makes up our GDP .But what is the point of such figures unless some type of profit figure is attached to each sector?.

    Definitely more of a question than a statement of fact.

    ps interesting to hear both sides of politics use the term "transition" from booming mining sector to decimated normal economy,or is it a decimated normal economy as it represents
    95% of GDP.

 
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