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The hidden truth about the US economic recovery

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Yasna Dimoff
The hidden truth about the US economic recovery

Probably, you may have heard from the media that since the beginning of this year, there is a progressive economic recovery in the USA. The stock market is going up, consumer confidence is growing and the profits for most of the companies have exceeded their expectations. Is this recovery real or the government creates the illusion of prosperity at the expense of future generations?

There is enough evidence to suggest that the economy is artificially supported by monetary and fiscal policies that are not sustainable. These policies distort the economic data about achievements, published regularly by the government, such as unemployment and GDP.

Unemployment

Statistics of the unemployment cannot submit a realistic picture of the true condition of available jobs in America. The unemployment rate is calculated by dividing the number of unemployed workers from the total labor force. Unemployed are defined as those who have no work, looking for it and available for work. Those who have stopped looking for work or for other reasons are unable to work, are not included in the statistics, which artificially lower the unemployment rate by about 7%. Another reason for the drop of the level down is because the jobs are paid with deficit spending. 

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Yasna Dimoff
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