For those who have been following closely, the economic data releases over the past several months have been almost impossible to reconcile from a Main Street perspective. Additionally, the scale of inflation is skewing everything that stems from dollar valuation.
CTH is certain the fourth quarter GDP statistic (+6.9%) is useless and was an outcome of several flawed metrics: (1) the import data was misrepresented and not accurately deducted (supply chain issue); (2) the value of building inventories was over calculated as an outcome of inflation; and (3) the value of all economic activity was subsequently skewed because the economic outputs (goods and services) were recorded at higher prices.
It has been our estimation that Main Street economic activity was substantially less than the data discussed by financial pundits.
Our review also sees the employment situation on Main Street as considerably less optimistic than claimed. Bolstering that point, in a very weird and structured preview from the White House, spokesperson Jen Psaki made an odd statement today. WATCH (14:35 prompted):
Psaki is prepositioning a narrative that employment data in January will be lower than expectations, perhaps considerably lower, as a result of “workers calling out sick” from COVID, ie. the omicron variant, during the time when employment polling was conducted. That is a very unusual proactive narrative.

“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”
Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.
Despite their earnest efforts, even the George Stephanopolouses of the world cannot avoid the responses from Americans. The latest ABC/IPSOS poll [