Commentary
For years, I’ve waited for some honesty about economic data. The official numbers have not made sense. The labor numbers were all over the map, with growing disparities between data-collecting methods. The output numbers did not fit with on-the-ground realities. The price numbers from government did not reflect sources from private industry. Putting it all together, we have been surrounded for years by an unannounced inflationary recession with awful jobs numbers.
