Big topic continues the be the fragile and failing economy that Biden has left us with. Claiming success via the scoreboard of Hedge funds (DOW, S&P, NASDAQ…etc), main street is left behind and the gap has continued to accelerate. Data for your consideration
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Consumer Price Index (CPI) | +7.0% | +6.5% | +3.2% | +2.1% |
| Unemployment Rate | 5.4% | 4.2% | 3.7% | 4.1% |
| Payroll Employment | +6.7M | +4.5M | +2.6M | +1.8M |
| Employment Cost Index (ECI) | +3.7% | +4.5% | +4.1% | +3.9% |
Is it about to hit the fan? BLS.GOV data on Multiple Job Holders since Biden took office:
| Year | Number of Multiple Jobholders (millions) | Percentage of Total Employment |
|---|---|---|
| 2021 | 7.5 | 4.8% |
| 2022 | 7.9 | 5.0% |
| 2023 | 8.2 | 5.1% |
| 2024 | 8.4 | 5.2% |
| 2025 | … let’s see the data ๐ง | … |
Let’s keep in mind what constitutes the unemployment figure – here is the official formula:
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(there’s always a risk of investment and there’s no guarantee of any kind)
Annual Refin Survey Data:
| ear | Households Struggling to Pay Rent/Mortgage | Skipping Meals to Make Ends Meet |
|---|---|---|
| 2021 | 45% | 18% |
| 2022 | 47% | 19% |
| 2023 | 48% | 20% |
| 2024 | 49.9% | 22% |
| 2025 | 50% (estimated) | 22% (estimated) |
Yep that’s the starting point Biden gave to Trump
Tulsi Gabbard was confirmed!
Watch this – Pam Bondi literally was running between events – from confirming Gabbard to holding her own briefing (a little late, but thats ok):
RFK gets confirmed!
Daily briefing was outstanding as usual featuring the founder of Rumbe:
And of course, Elon speaks!