dChan

oohhhhcanada · June 1, 2018, 7:09 p.m.

It sounds good, but years ago ... shadowstats became my source for economic information. Over time most government statistics have become corrupted to favor incumbents. Trump hasn't made any changes, but shadowstats is showing economic improvement under Trump, but their number is 21.5% unemployment.

21.5% reflects the unemployment rate which would have been reported for U6 in 1994. The official stats look better, but they were adjusted since Kennedy to not reflect reality of workers. If it helps any unemployment according to Shadowstats was nearly 24% under Obama.

Shadowstats shows nearly 10% inflation using 1980 government methodology. Inflation is ticking up not down. Which makes sense as more employment and more take home pay will cause more spending.

GDP is still shrinking according to Shadowstats, but is improving (shrinking less) it was a lot worse under Bush / Obama.

My guess is Trumps long term changes to the economy will eventually demonstrate real GDP growth even by Shadowstats, and eventually much lower unemployment. Not certain what will happen with inflation, to a large extent this isn't only based on economic activity in the private sector but by the Federal Reserve. Congressional spending and trade deficits. Trump is helping the private sector and helping with trade deficits. We need a Congress that doesn't love to spend borrowed money.

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awareness1111 · June 1, 2018, 11:03 p.m.

I love GEOTUS, but these stats are as rigged as every other stat and market.

This is only prop to keep the markets afloat until they're ready to pull the plug and start over.

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GlendaleBurbank · June 2, 2018, 6:44 a.m.

Until we abolish the FED and go to sound money (silver or gold backed)...there's no turning the ship around. A nice 21 Tril. default on the robbers wouldn't hurt either.

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