JOBS BS ACCORDING TO THE FED
Biden’s job numbers are an April Fool’s joke with teeth. At least according to the Philly Fed, who estimates 800,000 jobs are not real. That’s about half the jobs allegedly created last year. This is pretty bad considering Washington’s flooding $6 trillion in spending that bought most of what’s left. The actual economy, meanwhile, is going nowhere.
Peter St Onge
Can you imagine? Unrestrained immigration and unrestrained spending lead to moderate growth. What a clown show, as Alex Christoforou would say! Two outrageous negatives for the country lead to a slightly positive metric. How convenient!