147027 Followers
464 Following
Dad, husband, host @Marketplace. IPAs. Soccer referee, trail runner, mountain biker. Veteran. kryssdal@marketplace.org
Official data released yesterday shows US data center construction hitting another record high in June, exceeding $40B annualized for the first time
That's up 28% from this time last year and up 190% since the launch of ChatGPT nearly three years ago
Larry Summers re BLS (on Twitter). "This is surely not the most serious threat to our democracy that Trump poses, but it is the one closest to what we economists do. I donāt see how serious members of the economics profession can stay in his administration." x.com/LHSummers/st...
Trump didnāt ācall forā the head of the BLS to be fired. He *actually fired her. Letās get it right, people.
It has been the honor of my life to serve as Commissioner of BLS alongside the many dedicated civil servants tasked with measuring a vast and dynamic economy. It is vital and important work and I thank them for their service to this nation.
Firing the head of the Bureau of Labor Statistics over a bad jobs report undermines government integrity and sends a chilling message to federal employees: tell POTUS what he wants to hear or else. www.nytimes.com/live/2025/07...
Hours after data showed cracks in the U.S. economy, President Trump said without evidence that Erika McEntarfer āriggedā the data āto make the Republicans, and ME, look bad.ā
Spiers called it.
My prediction is that in that scenario, he blames the Bureau of Labor Statistics, which puts out employment data. Calls them corrupt, run by Democrats, out to get him. Fires people there, insists their numbers cannot be trusted, White House puts out its own fictitious data to make Trump look good
Finally updated the tariff calculations to incorporate the 50% copper tariffs, 40% tariff on Brazilian imports, and 5-31% tariff on imports from 94 countries that Trump has signed over the last 24 hoursāoverall tariff rates rise more than 2%, and are now 16% higher than pre-Trump
Wut?
Peter Navarro: "The only problem right now is Jay Powell. Shame on him. He should resign. If he were in Japan, he'd be down on his knees begging the forgiveness of the emperor."
If only these were normal times
Kevin Hassett on Fox suggests the administration isn't accelerating the chair decision due to Kugler's resignation: "I think that what would happen would be that people would pursue nominating a replacement for her right now and await what happens with Jay Powell. That would be the normal course."
Hard pass on Kevin O'Leary
