The term "real fundamentals" is a colloquial expression that refers to the underlying, essential or core aspects of something. It can be used in various contexts such as economics, politics, business, and personal relationships, among others. In its most common usage, it refers to economic indicators like inflation rates, employment levels, GDP growth, interest rates, etc., which are considered key factors that drive the economy's performance. When used in other contexts, "real fundamentals" may refer to qualities such as trustworthiness, integrity, loyalty or kindness - those traits that form the bedrock of personal relationships and interactions.