First goes central bank independence, then currency devaluations, then credibility of national statistics, then…... economic 💥💣. Exhibit A USSR Where is the US in the process???
Replies
I'd say we at least jumped to the loss of credible data. I didn't trust the previous couple of jobs reports, and July's report was dismal, and it revised May & June radically downward. This means, in my mind, that it's much, much worse than even these numbers indicate.
aug 2, 2025, 12:53 am • 1 0 • view