On Bill Fleckenstein's website FleckensteinCapital.com, a subscription site, a reader highlighted an article titled Shadowing Reality: Economist Keeps Tabs On Government’s “Creative” Statistical Reports (PDF).
As the title suggests, Walter J. (John) Williams discusses changes in various government statistical publications. According to Williams, when the changes are stripped away, the underlying economic picture looks rather bleak. So rather than me writing more, I encourage you, if you are interested, to read the article. I should warn you, though, that this article is rather bearish. However, I think it is always good to read both sides of an argument.



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