Want to create an interactive transcript for this episode?
Podcast: Creating Wealth Real Estate Investing with Jason Hartman
Episode: 1514 FBF: Factual Distortions in Governmental Reporting of Economic Data with John Williams
Description: This episode of Flashback Friday was originally published: April 4, 2012 Join Jason Hartman and consulting economist, John Williams, for a discussion about how government statistics don’t paint the whole picture of economic conditions. Many years ago, John realized that GNP (now GDP) numbers were faulty, causing his clients’ sales forecasting models to no longer work. This eventually led John into lengthy research of the history and nature of the government’s economic reporting. John explains how the numbers reported by the government hide important information; for example, true unemployment rates, which fail to include the unempl...