Then I'm sure you have an alternative and reliable source to show us what our real job growth is, given our $12 trillion economy is growing between 3-4% a year (that is, of course, unless you believe the GDP numbers are also massaged LOL) and can also show us what the real rate of inflation is and why the bond market is missing your higher figures. Then you could also explain how it is our real per-captia consumption has more than doubled in the past 30 years while our household net worth has more than doubled, since just 1994, if jobs, income and GDP are not growing, and we are losing all our purchasing power to inflation.
Then I'm sure you have an alternative and reliable source to show us what our real job growth is, given our $12 trillion economy is growing between 3-4% a year [] and can also show us what the real rate of inflation is and why the bond market is missing your higher figures. Then you could also explain how it is our real per-captia consumption has more than doubled in the past 30 years while our household net worth has more than doubled, since just 1994, if jobs, income and GDP are not growing, and we are losing all our purchasing power to inflation.
Well, yes they are, and here's how its done.
...suppose GDP of Mogambo Land last year was 100 widgets produced, and sold at a buck apiece. Total Mogambo Land GDP=$100.
Now this year, the economy consisted of 90 widgets produced, yet sold at $1.20 each. Nominal GDP would show an increase to $108, which sounds good to those who do not have Mogambo-Sharpened Economic Senses (MSES), and those who do laugh as one, "Hahaha!"
Normally (back when the government was not filled with loathsome liars and cheats because the newspapers didn't let them get away with it), total revenues ($108) would be properly discounted by the inflation in prices (20%), which is the loss of purchasing power of the dollar, and thus the real, inflation-adjusted change in prices (20%) exactly matched inflation. So real GDP= 90, which is 90 widgets produced and sold for one dollar's worth of buying power each, so GDP is actually down by 10% (only 90 widgets produced)!
http://news.goldseek.com/RichardDaughty/1146063840.php