Tag Archives: charles plosser

What “official” figures are we supposed to believe from the government anymore? After a THIRD revision to the GDP figures from this year’s first quarter, now we’re told the economy shrank nearly 3%. But despite the grim news, many officials are preaching patience and confidence. Should you follow their lead? In this post, we present the facts and let you decide.

The Federal Reserve is already telegraphing that the taper will not go well. In a speech on Friday, Ben Bernanke tempered praise of his tenure as Federal Reserve Chair with acknowledgment that economic recovery “clearly remains incomplete” – which is quite an understatement. In fact, with the markets having been so distorted with $4 trillion […]