'Animal Spirits' Update (Or Reflections On Another Fake Unemployment Report) Authored by Elliott Middleton via 'End Times Meditation' Substack, The BLS is reporting the March unemployment rate down slightly to 3.8 percent, nowhere near the 4.5 percent that it will take to trigger a collapse of confidence. ZeroHedge has detailed how fake the BLS’s numbers have become in a series of recent posts (yesterday’s highlights are here and here). When I was in academics, my research... Read this story
