It’s that time of the month once again when we see the government contradicting itself by manipulating economic data to spin the fact that we are in a recession, but unwilling to admit it. In two data sets published on July 2 by the Bureau of Labor Statistics (BLS) and in the number of factory orders, the trifecta has been nearly reached showing that the U.S. is no longer in a fed stimulated artificial recovery, but now into a full blown recession.
All that is missing of course is the GDP data, which by numbers produced by renowned statistician John Williams, already places us in a declining economy.
Chart courtesy of Shadowstats.com
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