Thursday, September 10, 2015

Walter J. "John" Williams ( Shadow Stats) : US in a recession

The government is trying to hide it with phonied up stats.

Key facts that support that view:
industrial production, which showed a contraction in Q1/15 and Q2/15. We never get consecutive quarter to quarter contractions in production without a recession. Retail sales adjusted for inflation also contracted in Q1/15. It showed some growth in Q2/15, but it was flat for H1/15. Again, we never see patterns like that except in a recession

Sales of the companies in the S&P 500 were down year-over-year in the first two quarters of 2015. Again, that doesn't happen outside of a recession. We're in a recession 

Who does it benefit when there's a recession, but isn't being recognized "officially"?

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