Leading_Economic_Index

Globalization defines wealth in terms of monetary measures, discuss what an alternative definition of wealth might be.

If growth is the indicator for economic health what would the indicator(s) be for an alternative economic system?

in 2022, both consumer sentiment and the misery index (the sum of inflation and unemployment levels) reached recessionary levels, but again without an NBER-defined recession:

This, I would argue, is a hallmark of fiscal dominance. The credit cycle on its own over the past couple years was typical for a recession, but the credit cycle is now smaller

He pointed out that the Quantity Theory of Money showed us there is another critical measure to consider - velocity of money. IN practice, we can only observe this after the fact, but as a gauge of the propensity for companies and business to demand the use of money, there are many things we can watch - mortgages, auto loans, credit card usage etc.