The Missing Recovery… from the Daily Bell.com

The Missing Recovery Monday, March 04, 2013 6:03 PMOfficially, since June 2009 the US economy has been undergoing an economic recovery from the December 2007 recession. But where is this recovery? I cannot find it, and neither can millions of unemployed Americans. The recovery exists only in the official measure of real GDP, which is deflated by an understated measure of inflation, and in the U.3 measure of the unemployment rate, which is declining because it does not count discouraged job seekers who have given up looking for a job. No other  …

 

http://www.thedailybell.com/28774/Paul-Craig-Roberts-The-Missing-Recovery

Posted by at March 5, 2013
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