“How it is possible for the economy to have been in recovery since June 2009 (according to the National Bureau of Economic Research) and there are 1,277,000 fewer jobs today than existed six years ago prior to the recession? How has real Gross Domestic Product recovered when jobs and real consumer incomes have not? These are among the many questions that go unasked and unanswered. Statistician John Williams says that the economic recovery is a statistical illusion created by deflating nominal GDP with an understated measure of inflation.”
Related posts:
Enhance Public Safety: Disarm the Police!
Sequester solved: Sell national parks, stop foreign aid, leave Germany
A Jail for Children
Bill Bonner: Get Ready for QE4
Bill Bonner: Will Japan's radical gamble work?
'Credibility'
Bill Bonner: The Grandest Larceny of All Time
Money Laundering Is Financial Thoughtcrime
Pepe Escobar: Dogs of war versus the emerging caravan
The Dialectical Pomposity of the Tapering Promotion
Leaping to Conclusions
U.S. Government Helps the Muslim Brotherhood's War on Egyptian Women
A War On Opioids Is A War On Suffering People
SILVER: Meltdown to $20, You Will Remember
Justifying the Unjustifiable: US Uses Past Crimes to Legalize Future Ones