Recession Since 2022: US Economic Income and Output Have Fallen Overall for Four Years

[Bigun]

Recession Since 2022: US Economic Income and Output Have Fallen Overall for Four Years

Many have questioned the accuracy of official inflation statistics, with dozens of academic papers written on the topic and doubts voiced by sources ranging from the New York Times1 to former President Donald Trump.2

This matters not only because of the political salience of rising prices, but also because official inflation numbers are used to calculate real economic growth by adjusting nominal dollars to inflation-adjusted dollars.

In this study we aim to quantify some of the more egregious biases in inflation statistics in order to get us closer to a true understanding of inflation since 2019, hence of true economic growth since 2019. ...

Excerpt: Rest at headline link

[Free Vulcan]

The problem with for example price and inflation stats is that say it is composed of 20 things from basics like tech goods such as computers which weights things downward because they are always getting cheaper performance wise.

But the average family only regularly buys 10 of those things on a regular basis, basics that have risen much faster than the stated rate of inflation. So from a cash flow perspective, the dollar is spreading around much less than it did 4 years ago.

[libertybele]

Quite simple; most costs of goods are impacted by the cost of oil/energy in one way or another.  Energy costs have risen dramatically under Joe. We've seen a definite uptick in inflation since he took office.  Kamel will be no better, in fact it is very likely things will be even worse.

[Bigun]

[catfish1957]

Lost in all the election and international news is that Gold is hitting daily highs.  Right now?  $2776/oz.

AND..  don't forget.   The price of gold as a commodity is the ultimate benchmark and is static in value.  What has happened is your hard earned dollars are worth less.   This has long term consequences too, as far as debt, it's payment, and the intrinsic value of the $USD.

Every Biden voter needs to be held accountible for this.