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"Shadowing Reality" - Weedon & Company's Kate Welling Interviews Shadow Government's John Williams


Those familiar with the name "Kathryn Welling" are fully aware of the quality of her work and the exceptionally high regard in which she and it arejustifiablyheld. I have known Kate for many years and consider her clearly among the finest financial journalists around.

For those not familiar with Kate, she is a former Barron's associate editor who, in August of 1999 in association with Greenwich, Connecticut's Weeden & Company, inaugurated her investment research letter, "Welling@Weeden." Borrowing from Weeden's description of the venture, Kate's insightful, irreverent journal of investment news and analysis was designed to broaden Weeden's commitment to serve its clients with focused, independent, ahead-of-the-pack research.


John Williams and I were indeed honored when Kate recently contacted John for an interview about John's own investment research activities. The latter are conducted through his monthly newsletter, "John Williams' Shadow Government Statistics."


For those wondering why the CPI, GDP, employment numbers, etc. frequently run counter to their personal and business experiences, the problem lies in biased and often-manipulated government reporting. John's "Shadow Government Statistics" offers an exposé of the problems within the reporting system, and an assessment of underlying economic reality.

Kate's interview of John, published on February 21st, was entitled, "Shadowing Reality - Economist Keeps Tabs on Government 'Creative' Statistical Reports." We are exceptionally pleased that subject to her request that we wait until March 11th, Kate granted us permission to post the article on the Gillespie Research website. We have done so (in "pdf" format), and it can be accessed at the following link: http://www.gillespieresearch.com/cgi-bin/s/article/id=779.

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