By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
Economist John Williams says don’t believe the hype about the U.S. economy being good—it’s not. Williams explains, “I love America, but we are in a deepening recession. The economy collapsed into 2009 . . . we never really recovered from that. We had a few bounces higher, but generally, we went into low level stagnation, and now it’s turning down again. We just had a revision to the benchmark GDP (1.2%) and the numbers are nonsense. The numbers are a lot weaker than they appear. There’s no question we are in a recession.”
President Obama keeps telling the public that the economy is great. Williams, who computes economic data without accounting gimmicks that make things look better than reality, says, “If that were the case, Donald Trump would not be the Republican nominee. The voters are telling you we’ve got a problem here,