James Turk tells King World News:
"... the stock market is not rising because of good economic activity, which is understandable. The economy will not be improving until employment starts growing again. After all, that is what economic activity is all about - people working and saving or spending the money they earn. And here's the horrific part.
"On an inflation adjusted basis, on average people in the US are earning an income which is lower than it was years ago. The Financial Times here in London reported recently that the median income of American households is at to its lowest level since 1995, and that's using the government's own CPI calculation, which is as fictitious as the unemployment report that shows fewer people out of work. Government economists and their reports are politically motivated. Inflation is much higher than the government reports, and so is unemployment.
"Private economists show a much higher level of unemployment. ..."