Click here for Martin Armstrong’s latest release entitled Manipulating the World Economy or Just Understanding How It Really Functions? dated May 16, 2012 (21 pages).
May 18, 2012
John Williams with shadowstats.com
gg has been away from the computer for a few days.
Here are some summaries from John Williams on the recent official stats.
– “Core” CPI-U Inflation Hits Cycle High
– April Year-to-Year Inflation Softens: 2.3% (CPI-U), 2.4% (CPI-W), 9.9% (SGS)
– Real Average Weekly Earnings in Ongoing Year-to-Year Decline
– Retail Sales Were Stagnant, Statistically InsignificantClick here for public comment on inflation stat. John explains the way inflation used to be calculated and how it is now calculated.
– Unusually Unstable Production Reporting
– Housing Starts Stagnation at Slightly Higher Plateau
muses of the moment 