Can You Trust U.S. Economic Statistics?
The federal Bureau of Labor Statistics has admitted to a major error in estimating U.S. employment. Was this incompetence, understaffing—or something else?
The federal Bureau of Labor Statistics has admitted to a major error in estimating U.S. employment. Was this incompetence, understaffing—or something else?
Despite solid current numbers for the U.S. economy, red flags are pointing to a recession in the third quarter—just in time for the November election.
The doom-and-gloom pundits are wrong. The U.S. economy is in good shape, but there are three dark clouds lurking on the horizon.
New numbers on U.S. private consumption reveal a tectonic lifestyle shift, one that is likely going to continue in coming years.
The official story is that the U.S. economy grew by 1.1% in the first quarter. This number is heavily modified and tells us nothing. We have the real numbers.
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