Finance & Fury Podcast

Welcome to Finance and Fury, the Furious Friday edition. Today we’re look at if economic data really means anything. I was thinking – and do any of these numbers really matters to you? Or even to me? Think about this – talk about a lot of the metrics – GDP, Inflation, employment statistics As an economy – would you prefer to have high GDP – or having your disposable income increase? Employment statistics – or having the ability to find a good well-paying job Inflation measurement – or have the ability to save and be rewarded in interest income? Thought about this for a while – most of these numbers mean nothing for the average person – But unfortunately they have an indirect effect on our lives - What dictates economic policy – fiscal or monetary – GDP or employment stats aren’t what matters to the average person – but the setting of interest rates and having a targeted inflation policy does have a real world effect on people   First - Issue with these stats and measurements – done by the ABS Employment