"Either we are at a critical juncture in the economy with a dangerously weak labor market that could quickly lead to a recession, or everything is perfect except the people who produce economic data."
As an investor, I won't be able to trust ANY data now. #EconSky www.bloomberg.com/opinion/arti...
Losing highly reliable, accurate and transparent data on the health of the world’s largest economy would be perilous.
BLS isn't a restaurant. Evidently they refused to cook the numbers like Donnie would like.
First rule of authoritarianism: get rid of scientists who will challenge your story.
Same thing other traders & I have been talking about for months. I knew numbers were being manipulated, now we have proof.
It’s ALL djt’s economy. IT’S DJT’s ECONOMY.
I mean a great heuristics is that Trump is a bullshiting liar
So I would go with the former
Just came back from the store where two chicken breasts were twenty dollars! I'll provide my own facts!
. Trump wants total CHAOS so he can do his devious deeds undiscovered.
It's worked for him so far; the felon's not in jail yet!
We need a national general strike week. Don't spend any money, don't work. The first week in September.
occam razor
Our FIC has been driving the US to a recession since 1/20/2025. Firing hundreds of thousands, fallout from thousands of cancelled contracts is more jobs lost. Tariffs, fucking with the stock market and fucking with our ex-political allies; ICE terrorism stealing workers off the street. WTF?
In the future use ADP labor numbers as a check against the Bureau of Labor numbers Trump is trying to force feed us.
The IRONY is that, Trump's firing the Commissioner of Labor Statistics just ADDED to the BAD labor numbers Trump fired her for!
And if no investor can trust the data what happens with stock markets? 😳
If the world loses trust in the US dollar, watch out, this is an example of how it may happen under Trump.
No. The "problem" is having a criminal mob boss con man as PedoFuhrer.
No, it means you need to find alternative sources because the gold standard, the US BLS just imploded. Another unbiased source taken over by "the regime".
We’re fucked. Get ready.
The never-ending story. Option A www.newsweek.com/august-layof...
An economist told Newsweek that President Trump's widespread tariffs have put sectors of the economy in a wait-and-see approach.
...the Devil Wears Red Ties ...
People need to realize, America will experience a depression under Trump.
The US is on the verge of economic collapse because Trump has absolutely no idea what he's doing. Gut instinct economics is madness and no-one wins in a trade war. He's clueless.
Whatever he's doing, and I don't think even he knows, it has NOTHING to do with economics.
Not trusting anything this regime puts out.
I doubt that anyone will trust what the government says now about the economy. Trust has been completely destroyed. Sad day in America.
I retired at the end of January. My retirement funds were down 15k in just the last 2 days of this past week. Trump is a cretin.
Same.
Nothing coming out of the government will be the truth. It'll all be made up to make the whiny orange shitstain feel good.
And we all know how much markets love uncertainty!
If we did away with the stock market...fired all of the useless, overpaid CEOs, everyone in the country would do well.
I don't own stocks, they're not in the best interest of the masses.
The markets and the street have yet to weigh in, we will see. Be prepared to moved out of equities quickly.
I’m in this same boat. Don’t quite know what to do here but I think the plan Monday will be to just sell everything and start looking at real estate.
None of us will.
If you don’t measure(blank), there is no (blank). Fill in the blank. Sop since covid…
Yet my financial advisor says to just wait- historically, the market always rebounds. Dude, I don’t have the luxury of waiting, and we’ve never seen the US economy deliberately destroyed before.
I’m convinced we are headed for a major recession thanks to Trump’s tariffs. I will trust my eyes.
He’ll put someone in there to give him the numbers he wants
So what are you going to do about that?
You can trust the exact opposite of what the orange pedophile says, meaning: "you have dangerously weak labor market, that will lead to a recession."
Shooting the messenger doesn’t change the message.
Get rid of data statistical collection. Problem solved no unemployment. Just like he tried to do with Covid numbers.
If it comes from the hands or mouths of anyone connected to this MAGA Regime, you can’t trust it.
Well, I figure he’s TRYING for the recession, but he may overshoot to depression. Nothing precise about him.
