A few weeks back, I warned you that the true nature of the economy was being hidden in economic reports. They are always revised downward.
Inflation is worse than they are reported.
Consumers are out of savings and using credit cards to buy groceries.
Manufacturing is at a standstill.
Banks need bigger bailouts now than they did in 2008.
The numbers are all there if you pay attention to the revisions and not to the rose colored reports when they initially come out so for now, let’s call the above statements merely predictions. Give me a few weeks and you’ll see I’m right.
Most recently report came out that revises the jobs numbers for the last 12 months down 818,000.
I’ll let you decide whether or not this is due to incompetence or intentionality. Either way, I’m not sure how we can continue to trust any official report from any government agency. I’m furious with the misinformation.
Other than that, I have no feelings on the subject. Call me if you want or not Whatever.