Posted on 05/27/2016 7:46:28 AM PDT by Lorianne
... the Department of Commerce decided to quietly revise all the core data going back all the way back to 2014. In doing so it stripped away about 4% from the nominal dollar amount in Durable Goods ex-transports, where the March print was slashed from $154.7 Billion to $148.3 Billion...
... and, worse, the government just confirmed what many had said for years, namely that capex spending had been far lower than reported all along when it revised the capital goods orders nondefense ex-aircraft series lower by a whopping 6%, taking down the March print from $66.9 billion to only $62.4 billion, the lowest absolute number since early 2011.
(Excerpt) Read more at zerohedge.com ...
translation: Crap, all of our polling indicates a big Trump Win is coming. Time to pull the pin on the Super Depression Grenade.
Golly! It’s like they’ve been lying to us the whole time ...
When Zero is gone Trump will audit everything. Well find Zero has diverted Trillions.
They want to create a bigger mess for the next POTUS, whom they fear will be Trump, at this point. The collapse will come about just after the inauguration so LIV will blame it on his policies, even though there wouldn’t have been enough time for the policies to even been enacted..................
The Incinerators in DC will be working over time trying to Destroy the Obama years
Ping! I know it’s zertohedge but...
When the truth gets out, there will be machine guns in the streets, and 50 foot stacks of bodies...
“Unexpectedly” revised downward.
Business Insider a week or two ago reported that official inflation has been about 1% less than real inflation for 20 years, which would explain the middle class “malaise”.
It assumed meat prices go up, you buy cheaper meat. Energy prices go up, you conserve more. In essence, 2% inflation figures assume decreased consumption/quality. Assume same consumption/quality, and prices are 3%.
And a 1% increase in prices while wages have been flat (after inflation) for 20 years is a 20% DECREASE in standard of living. But unlike the 15% annual inflation of Carter’s era, it is a slow squeeze that drags on morale as you make small changes to get by.
JOHN MAULDIN: The government has been dramatically understating inflation
http://www.businessinsider.com/john-mauldin-government-understating-inflation-2016-5
Grubering.
I’m sure the bombs are being set for the next president right now if not already.
The Ministry of Truth is revising the numbers of the Ministry of Plenty to reflect the "historical accuracy" of the Fedgov.
We've always been at war with Eastasia...
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