It’s a newsletter written by John Williams. John received his degree in economics from Dartmouth in 1971. He considers it his duty to help the interested understand street level economic indicators in real terms as opposed to the terms expressed through nuance by government agencies. For example, John will take the unemployment statistic and incorporate variables filtered out unjustifiably by the U.S. government. If somebody is a “discouraged worker” without a job should we then consider them not to be unemployed? No. John believes as you and I do that this government approach is nonsensical. Hence; he infuses the common sense into his analysis when recalculating economic statistics.
He also has enough experience with the numbers to see trends, trend reversals, and anomalies. When a couple of figures travel in line over time but then diverge, you acquire knowledge of your investing landscape. While CNBC is regurgitating tainted data, you can access Mr. Williams through (www.shadowstats.com) and you need not even subscribe. He gives you some links for free on his page.
I’ve just wrapped up listening to his interview with Greg Hunter and his reference to the sustainability of debt along with the consequences of default. What I like best about Mr. Williams is his hopefulness in spite of dismal statistics as well as his humble disposition. Here’s the youtube video. https://www.youtube.com/watch?v=GOos-Ae0qGI