From John Williams at www.shadowstats.com :
– Minimally Weaker-Than-Consensus Labor Numbers— Unremarkable Except for the Regular, Horrendous Reporting Quality
– July Unemployment: 6.2% (U.3), 12.2% (U.6), 23.2% (ShadowStats)
– Real Construction Spending—Stagnation with a Recent Downside Bias
– Economy Remains in Serious Trouble
What this tells us is that the mainstream media keeps misleading the public. Of course they are the messengers. Those in power know that perception keeps people spending beyond their means, also known as leverage. In an earlier post I mentioned that one of the blessings is being a lender, not a borrower. Think about it. Retire your current debt as quickly as possible and if and when things get dicey, you are not desperate. Instead, you may be raised as a standard for others to be encouraged through. This is one aspect of Loving your neighbor. To be lawful, a borrower should satisfy his debt, not default on it. If you lent money to someone who agreed to repay you, would you want them to keep their word? What fruit are we sowing for inspection?