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No Economy For Americans

• http://www.paulcraigroberts.org

 In thousands of emails you described to me your reliance on my experience and education to help you to understand in a non-partisan way the events of our time. You made a convincing case. I came out of retirement, opened this website, and you have faithfully supported it.

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No Economy For Americans

Paul Craig Roberts

The Dow Jones stock average closed Friday at 17,137, despite the fact that the payroll jobs report was a measly 125,000 new jobs for August, an insufficient amount to keep up with the growth in the working age population.

The low 125,000 jobs figure is also inconsistent with the Bureau of Economic Analysis' second estimate of second quarter 2014 US GDP growth of 4.2 percent–a figure beyond the capability of the present-day US economy.

Clearly, the economic numbers are out of sync with one another. They are also out of sync with reality.

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