There Is No Recovery

John Williams of produces his own statistics based on government data. Most of what he does is merely adjust government data to make it consistent with prior methodology. He has a fascinating website which I encourage you to visit. His is a subscription service, but much information is available to non-subscribers.

Mr. Williams appeared at the Casey Research Recovery Reality Check where he presented information as to why there is no recovery. An interview with Mr. Williams is available here. If you want his thoughts on where we are and where we are headed, take a look. The charts may surprise you. Here, for example, is a chart of GDP:

According to Mr. William’s work, real GDP is below where it was in 2000.