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The longest economic contractions since the 1930s
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John Williams of ShadowStats cuts through the smoke and mirrors.
What is ShadowStats?
From their website:
"John Williams" Shadow Government Statistics" is an electronic newsletter service that exposes and analyzes flaws in current U.S. government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic and financial conditions, net of financial-market and political hype."
Long story short: It's a very valuable service, it's more reliable than CNBS and Williams is almost never invited to be on mainstream television.
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