[Pain] HUGE, self-inflicted Recession incoming due to Trump/Musk

That's good, I was getting worried there for a bit. Chairman Trump will make everything ok...

 

Democrats are too afraid to rock the boat. A candidate like Bernie was the exact person who could have created excitement but instead they went with Hilary Clinton. The difference between the Democratic Party and the Republican Party is that Trump overthrew his establishment, and molded the Republican Party around him. Bernie did not overthrow the establishment. If Bernie had won, we'd be seeing a vastly different Democratic Party and we'd be seeing some very socialist / populist policies being supported.

 

latest eg of Traitor George being willfully ignorant, just clueless, confused and all mixed-up

Joe data are reported by companies to the BLS, who then roll up the #'s and report the total, with details, to the WH,
before making the data available to the public.

when companies revised their previously reported #s, BLS also makes the revision accordingly


here are recent egs of companies making downward revisions to their previsouly reported #s

Tech industry layoffs hit 100,000 for 2025,

• • Intel leading the pack with over 12,000 personnel cut, so far
  • Microsoft follows closely, with 10,000 personnel laid off from several divisions, including cloud, gaming (including game studios), and hardware.
  • Meta has also cut about 8,000 workers despite offering $100M bonuses for new AI hires and rapidly building AI data centers.
  • Other big companies affected by layoffs include Amazon, Google, Salesforce, and Cisco
  • Palantir, who just has an impressive earning report---raising guidance---announced that it will down-size its employee population by ~1,000

​

 

William Beach was commissioner of labor statistics during Trump 1.0; he opines that

Trump 2.0's Firing of labor statistics head
undermines trust in key data
​

in an interview last week, Beach said

The commissioner of labor statistics — that was my job — has no access to the collection of the data, has no access to the summation of
the data when it comes out of the regions, goes to the national office, has no access, no hand, no possibility of having any involvement
in the calculation of the numbers that are ultimately published.

In fact, the commissioner doesn't see the number for the first time — the numbers are revealed to the commissioner Wednesday morning,
usually around 11:00, in a meeting. Those numbers have now been loaded into all the machines all over the data center,
which will go all over the world eventually on — at 8:30 Eastern time Friday morning.

Trump 2.0's firing of teh BLS Commissioner does a great deal of damage, by the way, because BLS is a highly trusted
worldwide organization at bankers in Dusseldorf. I had one call me one time who says, we actually stop trading in Dusseldorf
10 minutes prior to 8:30 on Eastern time, because we want to make sure we're ready for that report to come out.​

 

McEnfarter's track record was horrible -- HUGE revisions, signaling shoddy work. She played politics to pump up jobs numbers so the Fed wouldn't cut rates (and give Trump a win), only to pull the rug out and revise out the jobs after the Fed made its interest rate decision. Plus Trump can appoint who he wants to the role, as President. Three good reasons right there why Trump is justified in his actions. Trump is done playing the Democrats' dumb political resistance games -- he's taking charge for the good of the country.


GOOD DAY

 

You have zero evidence any of the BLS data is wrong. Zero. Revisions under her were below that of the Trump nominee. All you do is spew conspiracies and disinformation. Brainwashed cult

 

why are you so willfully ignorant?

revisions are made by the companies who report the #s to the BLS

 

Right, the numbers can't be wrong when Trump and his Magical Sharpie can and will draw you the correct ones...any day now.

 

some of them will still continue shucking and jiving

 

This wasn't unexpected since the DOGE cuts are kicking in... blacks make up something like 18% of government employees, despite being 12-13% of the overall population.

 

That's a gapper!

 

yet another eg of Traitor George making up crap publicizing his willful ignorance

for the education of Traitor George,

you do understand that the downward adjustments (as reported by US companies)
provide data that makes the case for a rate cut, which is what the convicted felon wants, no?

but the 78-year-old convicted felon is too confused, all mixed up,
dismissive of economic data that would convince the Fed to cut the discount rate​

 

STOCKS HIT ANOTHER RECORD TODAY


Sam Fisher sitting out the historic rally and lamenting over prices at Baskin Robbins.


GOOD DAY

 

For the education of Traitor George

During President Biden’s first year,

the S&P hit all time high >58 times ​

 

The S&P is MUCH higher now under Trump's leadership.

And the gains under Biden were fake as they were driven by inflation... which means purchasing power didn't increase as much as now... when inflation is low. Trump is creating true wealth for American investors.


GOOD DAY

 

the dizzying height of willful stupidity

 

For the education of the willfully ignorant Traitor George,

inflation leads to the stock market going down, not up​