• Remember The Misery Index? It's Back! Biden Economy Destroying Jobs, Sparking Inflation

    March 3, 2021
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    That Didn't Take Long!

    Remember The Misery Index?  It's Back!  Biden Economy Destroying Jobs, Sparking Inflation
    Deng Xiaoping and Jimmy Carter during Sino-American signing ceremony

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    History rhymes, especially with Marxist Democrats in power.

    The presidency of Jimmy Carter was marked by rampant inflation, foreign policy failure, appeasement of our enemies, and a loss of economic vitality as jobs disappeared due to idiotic economic policy.

    The 'misery index' is back with a vengeance.

    This morning's economic data release printed a huge jobs miss, failing orders, and skyrocketing inflation.

    Enjoy Biden's, or should I say Obama's, new normal.

    Oh, and did we mention that oil prices are moving much higher...have you filled up your vehicle recently? Stolen elections have consequences.

    Financial markets are down on the news this morning.

    ADP Employment Change (Feb) printed at 117k vs 177k consensus estimate.

    Markit Services PMI (Feb) printed at 59.8 vs 58.9 estimate.

    Markit PMI Composite (Feb) printed at 59.5 vs 58.8 estimate.

    ISM Services New Orders Index (Feb) printed at 51.9 vs 55.4 estimate.

    ISM Services PMI (Feb) printed at 55.3 vs 58.7 estimate.

    ISM Services Employment Index (Feb) printed at 52.7 vs 51.7 estimate.

    ISM Services Prices Paid (Feb) printed at 71.8 vs 64.7 estimate.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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