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(Yahoo Finance) President Trump says he will fire BLS commissioner after July jobs report disappoints

Slartibartfast

Slartibartfast

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Dictator doing dictator things. Gonna juice the numbers, the media will report them as fact, and the morons in this country will believe it.
 
When markets believe the stats & interest rates are made not with objectivity but with political motives, you will see inflation & interest rates skyrocket as they lose faith in the dollar.

Trump & MAGA are true fools
 
ScrambledEggs said:
When markets believe the stats & interest rates are made not with objectivity but with political motives, you will see inflation & interest rates skyrocket as they lose faith in the dollar.

Trump & MAGA are true fools
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Yep. If I were a business owner, I would not be looking to make investments if BLS stats were made by a political appointee rather than a data expert.
 
Slartibartfast said:
Yep. If I were a business owner, I would not be looking to make investments if BLS stats were made by a political appointee rather than a data expert.
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Everything is chaotic. Tariff rates change on a daily basis. Government funding can be cut off in a split second without respect to what Congress appropriated. If you piss off Trump, you'll have your government contract taken away from you. We can no longer trust government economic data. We've pissed off foreigners with Trump's stupid policies to the point where tourism is down significantly. Top foreign scientists and researchers are now looking elsewhere for work. Jobs down. Inflation up. Economic growth stagnating.

This is the consequence of letting our country be managed by a bunch of corrupt, ignorant, belligerent assholes.

Trump is such a ****ing idiot. We could all see this coming miles away.
 
Slartibartfast said:
uk.finance.yahoo.com

President Trump says he will fire BLS commissioner after July jobs report disappoints

President Trump on Friday fired the commissioner of the BLS, which publishes the monthly jobs report.
uk.finance.yahoo.com uk.finance.yahoo.com

Firing the stats people isn't going to magically make the economy better. This is just shooting the messenger.
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I thought that this is where we might be going. If he does that, I think he's going to give markets an upset stomach, though they've been remarkably sanguine lately.
 
We should be happy that he's not sending him to a foreign gulag.
 
Lursa said:
Who else tracks these numbers so we can tell what the actual data is in the future?
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There are a few partial alternatives.

ADP's national employment report is the second best alternative--it's not the comprehensive BLS snapshot but pretty good. Of course, ADP can be strong-armed by the Trump administration if it shares numbers that hurt Donald's feelings. LinkedIn also publishes reports on hiring trends, but they are subject to the same strong-arming.

So, we'd be left to fall to state employment reports, which obviously can't be considered to be politically untainted in red states.
 
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