Economy still turning down
We never really recovered from ’08
The longest economic contractions since the 1930s
Can anyone or anything turn the economy around?
John Williams of ShadowStats cuts through the smoke and mirrors.
What is ShadowStats?
From their website:
“John Williams” Shadow Government Statistics” is an electronic newsletter service that exposes and analyzes flaws in current U.S. government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic and financial conditions, net of financial-market and political hype.”
Long story short: It’s a very valuable service, it’s more reliable than CNBS and Williams is almost never invited to be on mainstream television.