A friend of mine brought to my attention an interesting website: http://www.shadowstats.com/. It offers interpretation of the US economic data devoid of government manipulations to make it look what it wants it to look like. The new materials are available to paid subscribers only, but the Archives are an open read to the general public. You can find their archives here (look on the right-hand site). For example, I found a report on their consumer liquidity of mid-September 2009 which demonstrates that in 2008 the inflation-adjusted household income was actually lower than that in 1973.
What I read on that site is more in tune with what I see around me: despite the omni--repeated mantra that the US economy has entered the growth phase, it feels like the real chill of the Great Recession is just setting in. As one oriental saying goes, "Even if you say the word 'sugar' a hundred times, it is not going to taste sweet in your mouth." The website http://www.shadowstats.com/ is not trying to sugar coat our statistics.
What I read on that site is more in tune with what I see around me: despite the omni--repeated mantra that the US economy has entered the growth phase, it feels like the real chill of the Great Recession is just setting in. As one oriental saying goes, "Even if you say the word 'sugar' a hundred times, it is not going to taste sweet in your mouth." The website http://www.shadowstats.com/ is not trying to sugar coat our statistics.
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