60% of you don’t exist

 

The number of Americans who have jobs in 2013 is about the same as in 2000, yet the population has grown from 281 million to 311 million. Before the last recession, the employment / population ratio was 62.7%. Somewhere along the way nearly 18.8M jobs did not materialize over the past 13 years. Are there really 12M unemployed, or are there 31M?  It’s like 60% of the unemployed don’t exist (in government data).

The world’s inventory of AAA-rated government bonds has fallen 60 per cent since the start of the financial crisis.  That’s $7T!  Did it evaporate like the American worker?  Nope. The bonds still exist. They just got demoted to a higher risk (different risk rating) by bond ratings agencies.

Statistical mirages.