John Williams: Third Quarter GDP Numbers Have No Relation to Reality

John Williams from Shadow Government Statistics joins Jim to discuss 3rd Quarter GDP numbers, and how he sees all measures contracting. John believes unemployment hasn’t really recovered from the 2001 Recession.

John received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth's Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune 500 companies. Formally known as Walter J. Williams, his friends call him John. For nearly 30 years, John has been a private consulting economist and, out of necessity, had to become a specialist in government economic reporting.