Tag Archive
Gov’t economic reports not designed for downturns
John Williams points out on his Shadow Government Statistics website that modern economic reporting is distorted due to lack of data on “companies going out of business, a downturn so protracted that seasonal factors that have started to reflect economic contraction as a normal seasonal variation, and government statistical agencies that appear to... »
Gov’t economic reports not designed for downturns
John Williams points out on his Shadow Government Statistics website that modern economic reporting is distorted due to lack of data on “companies going out of business, a downturn so protracted that seasonal factors that have started to reflect economic contraction as a normal seasonal variation, and government statistical agencies that appear to... »
Why China 2009 Isn’t Like Japan 1989
When I in 2005 predicted that China would eventually become the world’s leading economy, I was asked why the bullish view on China wasn’t like the bullish view of Japan in the late 1980s and early 1990s, when some people believed that Japan would overtake America as the world’s biggest economy, something which hasn’t... »
Fed Official Speaks Truth
No, Bernanke did not say: “Read Ron Paul’s book to understand why the Fed is an enemy of prosperity, peace, and indeed, civilization, and should be abolished.” Instead, the head of the Atlanta Fed noted that the real unemployment rate, if we strip out the distortions Bill Clinton introduced, is 16%. Now all government... »
