Thursday, July 2, 2015

Nearly the trifecta as real jobs and durable goods data show U.S. already in recession

It’s that time of the month once again when we see the government contradicting itself by manipulating economic data to spin the fact that we are in a recession, but unwilling to admit it.  In two data sets published on July 2 by the Bureau of Labor Statistics (BLS) and in the number of factory orders, the trifecta has been nearly reached showing that the U.S. is no longer in a fed stimulated artificial recovery, but now into a full blown recession.
All that is missing of course is the GDP data, which by numbers produced by renowned statistician John Williams, already places us in a declining economy.
Chart courtesy of Shadowstats.com

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