You really believe that we had a GDP of 5%?
It’s all and illusion, how can that be with almost 100 million people out of work and not looking for work?
Take away the government safety net and The Fed and your in a depression.
Yes its all an illusion. 18%-20% is the true unemployment rate. There are 140 million people in this country of employment age and 92 million are out of work. How is that 5.6 % unemployment? 1 in 5 people are on foodstamps. If it was not for welfare, unemployment insurance and food stamps there would be soup lines a mile long on every corner.
The real indicator of what is happening is the Baltic Dry Index (BDI) and its looking bleak. We are in a global meltdown.