By Sol Palha – Re-Blogged From http://tacticalinvestor.com
They say a picture is worth a thousand words and this chart is probably worth a lot more. It illustrates how the BLS has been lying through its teeth over the past seven years. Then again anyone with a grain of common sense could figure out that the retarded methodology the BLS employs is bound to create the illusion that all is well. They purposely discount individuals that have stopped looking for work in coming up with their unemployment numbers. Hence, the 5% figure is not an accurate reflection of the landscape. The chart below provides a more realistic view of the unemployed in the U.S and in some areas we believe that the numbers could be more than 30%
The final blow, Real wages have been declining since 2000. $22.41 today has the same purchasing power an hourly salary of $4.03 cents hand in 1973. Median Income continues to drop; the middle-class has been decimated since the financial crisis of 2008. This trend is going to continue for the foreseeable future.
Do these figures give you the impression of an economic boom or do they look more like an economic bust. The illusion that all is well is scarcely maintained by a lofty stock market that is being propped up artificially by hot money. Take away the hot money and both the markets and the economy will collapse like a deflated bubble.