December 8, 2012 by tjefferson2076
Curious readers are checking out the analysis by the economist Mish Shedlock:
Given the complete distortions of reality with respect to not counting people who allegedly dropped out of the work force, it is easy to misrepresent the headline numbers.
Digging under the surface, the drop in the unemployment rate over the past two years is nothing but a statistical mirage. Things are much worse than the reported numbers indicate.
Bottom line – the recovery has been a statistical lie fuel with printed money. Not sure when this is going to pop, but when it does, we are in for some real pain.