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    OBiden Economic Data Is Worthless, So We Stopped Reporting It Until We Get More Truthful Leading Indicators

    July 6, 2023
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    We have long been skeptical of the Biden administration's economic data that is released weekly. It was the same under the Obama administration.

    So, in that light, we are no longer reporting OBiden economic releases, as they are impossible to trade off of or take literally.

    Employment is supposed to be our bright spot.  The Biden administration continues to tell us that the unemployment rate is less than 4 percent and that there are lot of jobs available for those that want them.  But is this really true?, asks Zero Hedge.

    So that means that the number of working age Americans that are not employed at this moment far surpasses anything that we witnessed during the Great Recession.

    Please do not believe the garbage that the federal government is trying to sell you.

    Unemployment is not low.  In fact, John Williams estimates that the real rate of unemployment in this country is somewhere around 25 percent.

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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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