Now that US economic data is going to be made up. Where are financial institutions going to get the real info going forward?
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Other countries.
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For profit companies will create a new market that will allow you to choose how you want the numbers manipulated.
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Look under mattresses and in foreign bank accounts, 'cause that's where the smart money will be.
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California will make theirs available. If enough other states follow suit a reasonable picture of the economic situation can be put together.
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Welcome back to October 1929!
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The Ministry of Truth will decide what's real going forward.
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It won’t matter. With the number of natural disasters: fires, floods, hurricanes, etc., happening in the US and Canada, the Insurance Companies will become more restrictive in their coverage so getting a loan for buying ANYTHING (cars, boats, homes, RVs, etc) will become virtually impossible.
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Doesn’t matter. There will be no such thing as real data soon.
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The whole us economy and market will run on memes
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Everybody's pantsing it now.
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400,000,000 New Hires last quarter...................... 🤡
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It will be a subscription service, like Photoshop?
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Rossiya Segodnya/RT? Probably about as reliable
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Had a sassy reply but decided this was probably a bit more serious than that
The answer is financial institutions are going to be flying blind and they will either weather the risks or fail spectacularly as we devolve into chaos
Going to be an interesting decade ahead
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... "Financial institutions" 👀 Banks. Them CEOs sure wanted this shit cause they've been kissing ass for so many years. They'll just cook the books and take the profits ...
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Let them fail. They didn’t learn the last time.
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In their defaults, late payments, partial payments, repossessions, evictions files.
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Ask Chatgpt. Not Grok. Grok will say... punt.
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They are all going to collapse
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Sesame street !
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If I was invested in the US I would cash out I did
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Bloomberg Terminal
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I hope they don’t mind when I start making up the numbers to file my taxes. I guess that’s how the rich do it, right?
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Talking to real people.
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They create their own already.
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They’ll just make up their own numbers in search of competitive advantage. Until a market collapse presents itself, which is the all but inevitable result of firing the number crunchers.
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We may have to research ourselves if we want to feel we’re getting some semblance of the truth because anything this administration puts out there will not be believed by anyone. Especially the businesses that keep the economy rolling.
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We are so screwed and without a congress we are super screwed.
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Fortunately, we have several highly-respected and award-winning news sources that will give us real numbers. New York Times, and the Wall Street Journal, are sources of verifiable news. Watch some of the shows about investments, they have many verifiable sources of economic and financial data.
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They are screwed. I guess they will have to guess at it or make it up in house. I foresee a catastrophic fuck fest of conflicting information that no one will be able to use or depend upon. A huge business and financial cluster fuck.
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Hah don't care moving forward boycott of everything American I can.
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Easy. The just need to count up the foreclosures for the month and determine the amount of groceries and gas put on a credit card.
Government can’t fake those numbers. -
I will be looking at the ADP jobs report. Also some private sector jobs reports and statistics. If a lackey is in charge of doing jobs report for the Government, we know they can't be trusted.
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I guess it won't be from the BLS leaking the data early to them so they can trade on it, that's for sure. The truth of course being that there are alternative data sources, Wall St. just hates paying for something they used to get for free.
JPMorgan and other Wall Street giants were on a government economist’s ’Super Users’ list
In at least one instance the BLS economist provided information that wasn’t yet publicly available
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From Russia
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MAD magazine
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It stands to reason that there's some correlation between US data and other nations where we can compare and draw at least an educated guess about how well or badly the US is doing. Most things are pegged to the US dollar and will continue that way until the collapse into fascist regime is complete
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They’ll make things up also. It’s just all going to be a game of guesswork, making up numbers to suit whatever your agenda may be.
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They have to assume toward the low end.
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Hollywood?
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From the people standing in long lines for food and jobs.
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I hope Wall Street uses its power to demand accurate information on jobs, inflation, growth etc.
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Honestly, it's all rigged. If every single one us pulled our money out of the market at this point, it wouldn't even drop the market valuations much. When 0.001% own 50% of global wealth and 1% own something near 70-80%, the game is set, and the match had been won.
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Pull them out of the neon Nazis dirty diaper?
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Canada and the EU.
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Publicly traded companies still have to report. I guess Nazi AI can make a compiled report.
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And so it starts.
Trump’s pick for BLS commissioner suggests suspending the monthly jobs report | CNN Business
EJ Antoni, nominated by President Donald Trump Monday to become the next commissioner for the Bureau of Labor Statistics, suggested that the agency should suspend its monthly jobs report, claiming it ...
