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A Deeper Look into Friday's Unemployment Numbers

The headlines hit the feeds, WOW! May nonfarm payrolls -345,000, while minimizing a 9.4% national unemployment rate.Others, not really interested in lagging indicators of a possible recession bottom,...

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GDP Revisionist History

You may have looked past the headlines on Q2 2010 GDP numbers and said wait a second, how can Q1 2010 GDP go from 2.7% to 3.7% in a revision?! Good question.Here's what the BEA says:

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Revolution From Above

Originally published on www.paulcraigroberts.org

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The Real State of Unemployment

Do you remember when real reporters existed?  Those were the days before the Clinton regime concentrated the media into a few hands and turned the media into a Ministry of Propaganda, a tool of Big...

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Prevailing Truths

According to official US economic data, the US Gross Domestic Product (GDP) has expanded for 22 quarters, raising real GDP 12.1% above its high prior to the 2008-09 economic contraction. Yet, US...

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