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Richard's Remarks

With the November elections coming closer, the government has gone all-out to make us believe that the US economy is glorious and is improving daily. If this is true, then I ask, why isn’t the Dow breaking out to new highs, along with the Transportation Average? Clearly the market is marching to the beat of a different drummer. Along these lines, economist John Williams states, “No recovery in actual business activity.” He adds “pre-election nonsense in labor numbers.” John Williams is of the opinion that there has been no pickup in the economy and that we are now sinking back into recession. For that matter, Williams is of the opinion that the Great Recession never ended. And I wonder, why doesn’t anybody repeat or comment on Williams’ opinions? Obviously I am not the only one who reads John Williams’ Shadow Government Statistics but nobody and I mean nobody comments on the ... Log in or subscribe to continue reading.

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