In early 2024, we declared we would no longer print Biden administration economic data because it was fake — as bad as the Chinese Communist Party information in our opinion.
Today, the U.S. government made huge downward revisions to Biden’s job numbers — they were all a lie to create a false narrative of success. Now that Biden is gone, they are trying to reset a low starting point for Harris, to make it easier for her if for some freak of nature she becomes POTUS.
US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates.
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