I think most people intuitively approach government economic data with at least a grain of skepticism. After all, government people have a vested interest in making us think the economy is humming along just fine.
"Rip it all down! Let Rome burn." Many are crying out for a Second American Civil War! I cannot see that tearing it to shreds and living in ashes is somehow better.
No economic forecast captures everyone’s prospects. At best, they can describe broad tendencies. And in large countries, ‘broad’ can hide a lot of variation.
