Turning Hard Times Into Good Times

Every week we are bombarded by economic statistics, most of which are derived from the U.S. government or its bed partner, the Federal Reserve Bank. When the numbers are good, Wall Street rallies and the rich get richer. When they are not so good, they are smoothed out over a period of time. When the numbers are too horrible to publish, new methods using highly theoretical assumptions are applied until a politically desirable outcome is derived so that the party in power can take credit for “good times.” The Federal Reserve Bank stopped reporting M-3, the broad based money supply as it started to surge straight toward the sky. Why did they do so when the supply of money is key to understanding inflation risks? How does the government pull the wool over our eyes regarding the real unemployment rate and the real inflation rates? John will explain and help you understand the truth about our economy and our markets and thus enhance your chances for successful investing.