Financial Nonsense of GDP & Jobless Figures

November 16, 2011

Financial Nonsense of GDP & Jobless Figures

Filed under: banking, economy, money, recession — Tags: Bernanke, data, economy, federal reserve, GDP, gold, inflation, job, John Williams, labor, meltdown, silver, statistics, unemployment, work — digitaleconomy @ 1:27 pm

Third quarter GDP numbers have no relation to reality says John Williams of Shadow Stats. He believes that unemployment hasn’t really recovered from the 2001 recession. GDP has become a nonsense number, worthless in terms of having any meaning in terms of the real economy.

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