Profile image
By John Rolls (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

US Economy Rolling Over According to ‘Unmassaged Data’

Tuesday, February 7, 2017 15:02
% of readers think this story is Fact. Add your two cents.

Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

Image result for pictures of suffering economy

 

By Graham Summers  /  GoldSeek.com

Yet another “unmassaged” data point has shown that the US economy is rolling over.

If you’ve been reading me for a while you know that one of my biggest pet peeves is the fact that headline US economic data (GDP growth, unemployment, inflation, etc.)  is massaged to the point of being fiction.

For this reason, in order to get a real read on the economy, you have to look for economic metrics that are unpopular enough that the beancounters don’t bother adjusting them.

Case in point, look at the latest employment trend for S&P 500 companies (H/T Sam Ro).

http://goldseek.com/news/2017/2-7gs/1.jpg

For the first time since the Great Recession, employment growth has turned negative at S&P 500 companies. Also note the divergence between this metric and the headline unemployment rate.

This is confirmed by tax receipts (another unmassaged data point). The argument here is simple: when employment is growing, more people are paying taxes and tax receipts rise. When employment is falling… tax receipts drop.

 http://goldseek.com/news/2017/2-7gs/2.png

What is the above chart telling you?

The reality is that the “Trump trade” or the idea that the US economy is about to explode higher based on Trump taking office, is completely and utterly off-base.

At best any policies Trump implements will begin to have an effect 12 months from now. And those investors who are trading as though GDP growth of 5% is here now are about to get annihilated.

Originally published at:

http://gainspainscapital.com/

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

http://news.goldseek.com/GoldSeek/1486488150.php

More great articles here: http://goldseek.com

 

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.