Article on Government's Economic Statistics

[colgin]

While the following article is focused on how the various ways the government distorts (er, adjusts) the economic data that it reports, it is really one of the best summations of the current macroeconomic state of affairs in this country, IMO. And it is not a pretty picture.

Anyone interested in that sort of thing should check it out:

Shadowing Reality

[AvivaSimplex]

Wow. If what he says is accurate, we're in much deeper trouble that I thought.

A quick google search for John Williams mostly gets fawning interviews or citations from gold bugs and their associated forums and blogs. Does anybody have any links from mainstream economists about his credibility?

[bigdog23]

If people had no faith in the econ stats interest rates would be sky high. foreign investors would be dumping U.S. bonds.

[fflaque]

well it is partly true as when i see cpi mentioned now they focus on core cpi.