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Government Statistics: Trump fires labor statistics chief after weaker than expected jobs report

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Comments

  • larryB
    @Old_Joe. By the time supporters of the regime understood the ten ways they are getting hosed it will be too late to do anything about it. This regime will outlive its founder. The institutions that made the American experiment sorta succeed will all be destroyed. But hey,,,, as one poster who will remain nameless would say,,,, the market is making ME lots of money.
  • Old_JoeOld_Joe
    @larryB- please don't get me started on that guy!
  • larryB
    edited August 5
    Sorry bro! But which guy,,, the orange guy or the self proclaimed worlds greatest investor guy?
  • JD_co
    edited August 5
    JPMorgan and Bank of America stocks drop as Trump warns of payback for ‘bad’ treatment
    Trump confirms plans for an executive order to punish banks for what he said was discrimination against conservatives. Meanwhile, banks praise efforts to overhaul regulations.



    Do we really have to deal with another 3.4 years of this? Its disgusting.

  • Sven
    I watch the money flow since February and they are pivoting away from the US. It would be a mess when the big treasury holders are selling their holding.
  • WABACWABAC
    Observant1 said:

    I don't frequently consume beef.
    But when I do, I only eat Kobe Beef (grade 5). ;-)
    It's quite delicious!

    For beef I shop at the local Korean or Halal groceries.
  • Old_JoeOld_Joe
    We find Costco Prime to be just fine. And pretty decent on cost.
  • rforno

    The data integrity question will also impact inflation-linked debt, too (Eg TIPS)

    BBG: https://archive.ph/af3bT
  • Observant1
    edited August 6
    I'm now having second thoughts about possibly building a TIPS ladder. (╭ರ_•́)
  • ShostakovichShostakovich
    One easy solution to the revisions would seem to be to only report the numbers quarterly, when in fact all the data are in.
  • sma3
    excellent discussion of BLS firing on TIPs

    https://tipswatch.com/2025/08/10/tips-investors-face-a-sky-is-falling-moment/
  • Observant1
    Good Tipswatch article.
    Thanks!
  • Sven
    Is the sky falling? No. But things are very cloudy.
    Thanks @sma3. The CPI data will release next week.
    The CPI for July is expected to have climbed 2.8% on an annual basis, according to a Reuters poll of economists. Investors will be watching to see if Trump's tariffs on imports are translating into higher prices after the June CPI report suggested levies were impacting the prices of some goods.
    https://fidelity.com/news/article/top-news/202508080606RTRSNEWSCOMBINED_KBN3JU0N4-OUSBS_1

    How would Trump react to this now? In the meantime, I still see grocery bills including eggs are rising.
  • rforno
    edited August 10
    Sven said:



    How would Trump react to this now? In the meantime, I still see grocery bills including eggs are rising.

    He'll find a way to blame Biden, Democrats, other nations, and/or the Abominable Snowman. Anything but him and/or his 'stable-jenius' policies. (Remember, his name is Donald 'J' Trump ... the 'J' stands for JENIUS.)
  • MarkMark
    Hmmm, I always thought it was J for jerk
  • JD_co
    When the BLS issues the CPI report tomorrow, does it just show up with a smiley face on it and some orange smudges- no actual "numbers" needed?
  • CrashCrash
    Mark said:

    Hmmm, I always thought it was J for jerk

    You left off the second syllable.

  • CrashCrash
    Antoni nominated to replace McEntarfer. Heritage Foundation. Feces. But no surprise.
    https://www.cnbc.com/2025/08/11/trump-antoni-bls-statistics.html

  • CrashCrash
    Growing Chinese-like control, politicizing agencies. They all become subordinate to the ruling Party. And the courts are even more and more captive. This is what I've been saying, in spades: the Repugnant Party is operating as a subversive, treasonous scam. They are losing size and numbers. The only way they can win is to manipulate and cheat.
    https://www.wsj.com/economy/the-u-s-marches-toward-state-capitalism-with-american-characteristics-f75cafa8?st=W3PjfB&reflink=desktopwebshare_permalink
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