Lol, could you please also explain to all of us once again how the stock market doing good is a direct reflection of the economy
Well, the GDP is not the stock market, so you’re already at a huge deficit in following my post with that question.
But a good stock market shows people have faith in the economy and are willing to invest in the many many businesses that make up our economy. No one buys stocks with a plan to lose. But, I’ll not reinvent the wheel. Read this, and then answer my question do you think 8.9% GDP growth in 3 years is better than 10% growth in one year?
I’ll give you a definition of GDP below the stock market explanation.
“The stock market is often a sentiment indicator and can impact
gross domestic product (GDP). GDP measures the output of all goods and services in an economy. As the stock market rises and falls, so too, does sentiment in the economy. As sentiment changes, so do people's spending, which ultimately drives GDP growth; however, the stock market can have both negative and positive effects on GDP.”
GDP:Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries.
In case you forgot after so much reading, I’ll ask again: “Do you think 8.9% GDP growth in 3 years is better than 10% growth in one year?”