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Featured Post - Market Updates
The Recovery Is an Illusion: John Williams
The Gold Report: John, at the recent Casey Research Recovery Reality Check conference you described the economic recovery heralded by the Obama administration as an illusion based largely on skewed inflation data. Can you walk us through why, based on your calculations, a recovery is impossible?
John Williams: We can start with the gross domestic product (GDP), which like most economic reports is adjusted for inflation. If you take inflation out of it, what is left should be changes in economic activity, as opposed to changes from prices going up or down.
Reported GDP activity for Q3/11, … [visit site to read . . . → Read More: The Recovery Is an Illusion: John Williams
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