John Williams: Numbers Show “Ongoing Depression”

In his “flash update” today, PhD economist John Williams says:

July Housing Starts Showed Ongoing Depression…

The economy continues in a severe, deepening downturn, with no meaningful signs of a pending upturn. Based on continued weakness in weekly money supply reporting, the systemic solvency crisis is intensifying and also is far from resolution.

Print this post
This entry was posted in General. Bookmark the permalink.