Spending provides cheer on US economy

Discussion in 'Economy' started by JeffWartman, Aug 31, 2006.

  1. JeffWartman
    Offline

    JeffWartman Senior Member

    Joined:
    Jul 13, 2006
    Messages:
    1,309
    Thanks Received:
    101
    Trophy Points:
    48
    Location:
    Suburban Chicago
    Ratings:
    +101
    It seems like our economic status isn't perfect or outstanding, but it's definately not as bad as the Liberal fearmongers will lead you to believe.
     
  2. BaronVonBigmeat
    Offline

    BaronVonBigmeat Senior Member

    Joined:
    Sep 20, 2005
    Messages:
    1,185
    Thanks Received:
    160
    Trophy Points:
    48
    Ratings:
    +160
    I wouldn't put too much faith in government numbers, they are grossly understated. Even aside from excluding energy, food, and housing they are understating both inflation and unemployment compared with how they used to be measured. Economist John Williams even has a subscription-based website dedicated solely to providing investors with more accurate macroeconomic stats:

    http://www.shadowstats.com/
     

Share This Page