WND column

The Map is not the Land

Thanks to media that have absolutely no understanding of the economic-related news they are attempting to cover, it is commonly believed that the U.S. is no longer in a recession. The Bureau of Economic Analysis’ advance report for fourth-quarter Gross Domestic Product, usually known as GDP, increased at a rate equivalent to 5.7 percent growth on an annual basis, more than twice the average GDP growth since 1950. This would be astonishing if there were any chance whatsoever that it was real.