• U.S. Government Prepares to Use Reduced-Inflation Index for Cost of Living Adjustments (COLA)
• 2015 Social Security COLA at 1.7% Would Have Been 9.4% without Existing Gimmicks for Understating Inflation
http://www.shadowstats.com/article/no-668-september-cpi-real-retail-sales-and-earnings-new-home-sales-prospective-gdp
That means, adjusted for inflation, yes the US economy is receding.
• 2015 Social Security COLA at 1.7% Would Have Been 9.4% without Existing Gimmicks for Understating Inflation
http://www.shadowstats.com/article/no-668-september-cpi-real-retail-sales-and-earnings-new-home-sales-prospective-gdp
That means, adjusted for inflation, yes the US economy is receding.