Shadow Government Statistics

Linked with Walter Jon Williams – USA.

Have you ever wondered why the CPI, GDP and employment numbers run counter to your personal and business experiences?  The problem lies in biased and often-manipulated government reporting.

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About (on the Homepage): « John Williams’ Shadow Government Statistics » is an electronic newsletter that exposes and analyzes the flaws in current U.S. government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic conditions, net of financial-market hype.

  • Published 11 to 12 times per year, the newsletter is supplemented by occasional Special Issues and by  interim « Flash Updates » and « Alerts » that cover key economic reports and highlight unusual developments. (See « Newsletter Coverage » below for the publication’s regular scope of coverage.)
  • Subscription service provides website access to current and archived content, data on proprietary alternate estimates of the CPI, Unemployment and the GDP, an ongoing estimate of M3 growth  – ere the M3 series no longer is reported by the Federal Reserve  – d a financial-weighted index of the U.S. dollar. Also available is an inflation calculator that estimates comparative prices between any two months, 1913 to date, using both the official CPI and the SGS-alternate measure. Postings to the website of all new material are advised directly to subscribers by e-mail.

Payment Methods We accept payment by either check or credit card. For credit-card payments, we use PayPal as our processor. (You need not have a PayPal account to use this vehicle.) All amounts due are payable in U.S. dollars.

Newsletter Coverage The newsletter includes regular coverage and analysis of the economy and the broad financial markets:

  • « Opening Comments » provides an overview of current economic and financial-market conditions and developments.
  •  The « Reporting Focus » section covers the prior month’s economic reporting (employment unemployment, CPI, GDP, money supply, retail sales, housing statistics, factory orders, trade balance, consumer confidence, purchasing managers’ survey, short-term credit measures, federal budget deficit and others), including estimates of actual results net of any reporting biases.  Also provided are annual reviews of the U.S. government’s GAAP-based financial statements and estimates of income variance.
  • Further, the coming month’s reporting is examined, highlighting unusual circumstances and biases that could bring results in above or below market expectations.
  • The « Markets Focus » section assesses circumstances in the U.S. equity and credit markets, as well circumstances as they relate to the U.S. dollar and gold markets.
  • The « Reporting/Market Focus » details the background of government series or special items affecting the markets, along with updates to changes in reporting methodologies.
  • The newsletter is supplemented by frequent Flash Updates and occasional interim Special Issues/Alerts that highlight unusual developments or topics of special interest.

Examples of past Newsletters, Flash Updates and Alerts are open to non-subscribers on this Archives page.  Look in the right-hand column for « open » material.

We like to gain some firsthand knowledge about our subscribers in the belief that, over time, this helps a great deal in fashioning services that are most suited and responsive to client needs. To further this goal, subscribers are invited to have direct phone or e-mail communication with John Williams during the term of the subscription. We look forward to serving you and hope you will subscribe today!

Some Biographical & Additional Background Information: … (full text, scroll down).