New Administration Needs to Overhaul Economic Reporting

How Can Headline Real GDP Be Up 12.1% from Its Pre-Recession High,
While Industrial Production Is Down 1.1% (-1.1%), and
Manufacturing Is Down 5.7% (-5.7%)?

How Can GDP Be in Its 22nd Quarter of Expansion,
When Industrial Production is in Its 36th Quarter of Non-Expansion,
Rivaling Its Great Depression Run of 37 Quarters?

Underlying Economic/Financial Pain on Main Street U.S.A.
Led to the Change of Government

Political Circumstances May be Disquieting to Some, but
Underlying Economic Dislocations Have to be Addressed

Revised Fourth-Quarter GDP Growth of 1.88% (Previously 1.90%)
Avoided Notching Down to a Rounded 1.8%, Thanks to Lowered Inflation

2016 Annual GDP Growth Still Was Weakest Since the Economic Collapse,
Both Before and After Inflation Adjustment

Better-Quality Indicators of Broad Business Activity Continue to Show the
Economy Never Recovered from Its Collapse into 2009