As I predicted, we are now entering an era where we cannot necessarily trust data coming from the federal govt on things like inflation. Something to watch VERY closely for GDP, unemployment, everything. www.wsj.com/economy/cpi-...
As I predicted, we are now entering an era where we cannot necessarily trust data coming from the federal govt on things like inflation. Something to watch VERY closely for GDP, unemployment, everything. www.wsj.com/economy/cpi-...
Duh
Everything is fine floating on this fine river. Until you hit the waterfall we failed to mention.
Seeing is believing. What I am seeing now is higher prices, understaffed stores and businesses, and people not making ends meet. That's reality, not what Trump says.
Fascism in America is now our reality. We've lost our democracy, which I feel is a lot more important than high prices.
Time to revive something like the Billion Prices Project from back in 2008. It exonerated government inflation data then, but it would be good to have a watchdog now. If only we could find non-government funding for it! thebillionpricesproject.com
Are there any independent or foreign sources of data? Or has it all been centralized at the US fed government as measurements developed?
💯💯💯 It will all be fantasyland and diamond-pooping unicorns.
I already don't trust any data coming from the fed govt. None of it.
Trump said several times during the Biden administration that they "cooked the books" because the numbers were so good. As everyone knows everything with them is a confession. So they've eliminated the ability to get real numbers so they can just make em up. Or "cook the books".
For most international news, I use British or Canadian sources. American media has jumped the shark, and the shark won.
Shocker. Now we have to "do our own research" but who will believe us? MAGA aside, I don't think the average American trusts the media or this Admin's messaging about inflation going down. But people have eyes & will see the prices going up. The only good part about that is Trump will be blamed.
The incompetence has risen to an entirely new level. The future integrity of the data may be unreliable due to budget cuts, declining survey response rates, and potential political interference. Some data sets have been purged or removed from government websites.
elimination of truth and reliable information is at the heart of these idiots' war plan. we're living in the stupidest of times (until tomorrow).
Post-truth Politics, where economic narratives are shaped by emotion, ideology, or agenda rather than objective facts.
I was wondering when we were going to cross this Rubicon. Govt data has to have integrity.
We cannot trust Anything that comes out of this regime. We no longer have rights under this regime. TRUST NO ONE!
Omg people
Highest unemployment in 8 months
maga and trump continually called B. of Labor Statistics employment data rigged under Democratic Presidents Obama and Biden. We know with certainty trump is on the phone right now with the head of this agency telling them to post a good jobs report this Friday.
The average American shopper knows when prices are going up. They aren’t THAT stupid.
Knew this was coming!!🤦♀️😡
They’ll lie about like they lie about everything, and will do so with impunity.
Where is the jobs report that Republicans always go on and on? Haven’t seen that lately.
Yes and the populous doesn't care. They simple enjoy being spoon fed crap day in and day out.
Trump know he’s tanking the economy and jobs and now will lie to Americans and Americans will believe them BUT despite having a great economy under Biden, they actively believed we didn’t
I don’t trust ANY data or statistics that come out of this administration about ANYTHING.
He’s already making up numbers, like “trillions already collected from tariffs”. It will just get worse.
Agreed! Can't trust their data.
Welp, it was fun while it lasted
Nothing they say or do can be trusted. We will have to rely on the Europeans for medical data, weather data,economic data etc.
All claims coming from the Trump admin are suspect. Already they fabricate and cherry-pick data to show their policies are winning! Bad data is deleted or discredited. E.g., DOGE’s false savings claims, RFK Jr.’s laughable MAHA report, baseless accusations of fraud in Medicaid.
Reminiscent of Stalin’s Five Year Plans
Yep...once a cheat, always a cheat.
The “truth” is whatever comes out of our Supreme Leader’s pie hole.
Exactly! Probably best to watch the data coming from industry and private sources Yesterday’s ISM Services report was screaming “Stagflation” with growth slowing and Prices Paid rising Look at Walmart and Target reporting on price hikes on toys, etc
Goodbye USA we'll miss ya, see you when you live in a country and not a corporation.
Dump has always wanted to substitute his ‘made up’ numbers for any data that doesn’t support his positions
I believe it's just going to get worse and worse Trump taking down our country
I feel like at some point, people will notice these things...
You can’t trust anything coming from the Trump administration. You have to get rid of them.
One can safely assume that everything emanating from MAGAland is lies. If it is punctuated with exclamation points or gold crosses, the certainty is near 100% that it is total bullshit.
THIS. They will lie to show wins. Hats off to all those out there working on preserving and FOIAing records and data.
You know how the saying goes. Inflation will stop going up if they stop tracking it. Checkmate libs!
Totally agree. This regime will adjust the numbers so that they fit into their scenario.
I wouldn’t believe a single piece of data coming from this Regime!
The plan is to block any statistics except Trump Regime “data”!
We are in the post-truth era. Trump is the sole arbiter of what’s true.
That’s debatable. He’s the arbiter of truth to suckers.
👍
Even tho I signed up for agency updates, I frankly, do not read the ones directly from our feds as I don’t believe them.
"Ignore those higher prices you're paying at the grocery store and restaurants and car dealerships. Trust us, prices are down BIGLY."
With these criminals in charge of all departments in our government, nothing, NOTHING, can be trusted.
📌
Exactly the Trump administration will fake the information and the major news media will go along rather than logically call the fake news out!
This is true. The Trump gangster administration is literally creating the numbers themselves. They fired all of the statisticians and professionals.
Not surprising, drumps government lies about everything else
I haven’t believed the unemployment numbers since he became president.
I have also figured that this administration of unethical and unprincipled practices would certainly not curb their lies when posting their data. Note that Musk inflated his figures at the get go. 🤔☹️😩 🙏❤️💕
Of course they are lying. He lies about everything.
That would explain why I stopped believing anything that came out of the White House on January 20th.
I have been saying all along that by 2028 (probably 2026) we will have the bigly best unemployment numbers and zero inflation. All you have to do is read the government reports and ignore the hungry homeless looking folks in the street.
Why is no one talking about HB1 section 70302. This section limits courts ability to enforce contempt citations. Read it very carefully it’s intentionally hidden in the Bill. pass the section on to all your friends. Tell them to tell everybody they need to start calling their congressmanIt’s online
Not to mention that tRump uses lies and propaganda extensively. Perhaps some reporter can get wind of tRump pressure on the statisticians?
The guy who wanted to stop testing for COVID because it made him look bad, doesn’t want to accurately track key economic indicators because they will make him look bad, I’m shocked
🤣
Any information from the government at the moment is pure propaganda for the dictator.
All government data will be falsified to be favorable to trump. Health, jobs, economy, weather, education. History is written by the people in power.
I don’t trust any information coming from the Whitehouse!!
On NPR they were discussing how nobody wants to fill in the census cause they no longer trust the govt with the information.
I can not trust ANYTHING this regime publishes. Just a bunch of lying thieves
Considering how Taco pulls numbers from every crevice in his body, this report is unsurprising.
the only data worth trusting comes from your pocketbook ...or the lack of it
no kidding
This is a huge problem, all characteristics of a dictatorship!
Dishonest leaders create dishonest data. Believe nothing.
Tell me what I want to hear not what I need to hear. A dangerous games economic game, education game, all aspects of life and politics.
We can’t trust their data on anything.
They gonna manipulate the data they release...
You can trust Trump's data if you trust Karoline Leavitt
Garbage federal data will drive away investors. Gold inching up generally indicates that the dollar is not trusted as much. Gillian Tett and Yanis Varoufakis believe it's Trump's 𝑖𝑛𝑡𝑒𝑛𝑡𝑖𝑜𝑛 to devalue the dollar. www.kitco.com/charts/gold
Entering an era where we can't trust data from the federal govt? Id say we crossed that bridge back in the 70s with Nixon.
Even the president's doctor exam results...
Can't remember when we could trust the government.
It stands to reason that a man who can pay someone to cook the books on the value of his properties for tax reasons and pay someone to doctor the statistics to win an election, can pay someone to cook the books for this.
Nope, we cannot trust anything from The US Regime.
Great, can't wait to see the reports where inflation is -2% and growth is 75%.
Don't trust any reports coming out of this regime! They all will be doctored!
That was a given when he took office.
On anything, really. Some of it is prejudice of this Administration against the facts that CAN still be discerned, esp. any that they think show up their incompetence. We should be sharing data among ourselves...on prices of food, housing, clothing, fuel, for instance...to see what the range is.
Don't forget heath.,new COVIN strain, measles,and food recalls
Those staffing 'shortages' were intentional. They will not release any information that reveals the fuckery they have brought to bear. They did it with covid. Same shit! www.yahoo.com/news/trump-o...
Job numbers don't make sense, either.
I said months ago that when things start to go south they will lie about it or stop gathering the data
It’s sad, but we knew this would be part of this administration
I don't trust a shit coming from USA GOP!!! Period!!!
The honest brokers are the Fed. They will not take Trump Administration lies at face value…
We cannot count on our government to give us air quality information, either. Now, with the fires in Canada, this is a big problem for people with lung problems.
Yes, but that warning comes from the lily-livered commies at the pinko Wall Street Journal... ...oh wait.
No trust on any economic data ( biased) or health related data ( biased)
No one has measles, everyone has a great job, and inflation is zero under trump!
To be fair, it wasn't just you predicting that. It was all of us, including magas who know exactly how much that fucker lies.
You can't trust anything Plump's sycophant minion have to say, it's always lipstick on a pig
You believed them before?
In Trump's first term, the replaced the commissioner of the BLS five days after he got a bad jobs number. This occurred in March, 2019. The media said nothing at the time.
Yes, I don't believe the inflation rate. I can see prices rising in real time. They are well established liars.
When the data don’t support the desired narrative, manipulate the data. Who needs facts anyway when they’re Making America Great Again, again. They have the best people working on making the best data. So much facting you’re going to get tired of facts.
"If we stop testing right now, we’d have very few cases, if any". - Donald Trump, June 2020.
The biggest problem with undercounting inflation is all the benefits that are adjusted using the official inflation number. People on Social Security and pension plans are going to be financially destroyed by Trump using fake numbers.
Just like Russia! Did anyone really think Trump and his minions would be honest?
This!
Everything is a lie
I wouldn’t believe ONE statistic coming out of THIS government.
Trump faked numbers all his life! Now he is bringing his fraud skills to the govt!
I figured it was just a matter of time before Trump started manipulating the data coming out of BLS. So they will tell you no inflation when youcan clealy see it on the grocery shelves
The data they use doesn't even accurately reflect the lived reality of most Americans. We are struggling to meet our basic needs in an ever more expensive economy with stagnant wages.
Of COURSE they're planning on lying. Where's our "shadow government"?
You ever notice how cheaters never prosper?? Yeah me either! For taco it’s just a way of life! For MAGA it’s a TACO THING!!
In other words,if they say it’s a cup of sugar,it’s probably two cups of salt🙈😂😂😂. If they say it’s raining,then it’s probably volcanic ash🙈😂😂😂😂.
He’s not firing “Too Late” Powell, he’s just blinding him.
Nothing coming from our federal government can ever be trusted agaijn since Trump and Elon breached the wall of American democracy started almost 250 years ago.
Be your own economy guru What do you need month to month Is this month's expenses greater than last months Are there items you need you put off buying because the price rose in the past 3 months.
he's "cooking the books" because he doesn't want us to see how much he's already destroyed our economy. He should be investigated for this....its criminal🤬
Can't wait til the government reports 0% inflation, 10% GDP growth, 0 crimes, 0 adverse weather events. What, you don't believe it? Don't believe your own life experience, just believe Trump! You don't believe Trump? You're an illegal. Off to CECOT with you!
I knew it wouldn't take long. Payrolls are reported each month by employers to BLS, these figures are supposed to be sent out to the DOL for it's reports. The payroll reported has to include the 12th of that month. I don't think they have anyone to receive these or analyze this data.
I also said that we wouldn't be able to trust the statistics, especially since they have fired the people who collect the data. #CookingTheBooks
Corrupt entities do not self-report their corruption.
I knew the data would be manipulated and skewed. We won't find out for years- if ever, what it really is.
Just like the CCP. For all those MAGAts who could “never vote blue cuz that’s communism” well, there’s not a lot of difference between this regime and China: party loyalty over competence; massive corruption; fudged data; expelling foreigners; closing trade markets…
I don’t believe one word of anything they say. And never will.
They. Did. This. Last. Time. I feel like a broken record saying this. All of this stuff. They did it last time and everybody seems like they forgot. Trump isn't creative. He doesn't have new ideas. It's the same stuff, but with fewer guardrails.
This is something we could easily crowdsource. Anyone who signs up to help gather data can do so just by focusing on a few items and going to a couple of stores each week and taking photos of those items on the shelf with the price. Really, it would not be very hard to put this together.
Part of the disinformation plan of the fascist takeover? There must be ways to get reliable data? Was this part of the techbro faction trying to rule in their Network states theory? "GARBAGE IN , GARBAGE OUT". An ungrounded of data miners will rise up to help democracy?
And when people lose trust in official communications and MSM they turn to alternative outlets many of which are controlled by the same people and organisations
It was inevitable from the time Trump didn't want COVID testing because the truthful reporting made him look as awful as he is.
SURPRISE
We can’t trust anything they have to say. Those days are gone. Ironic that it will require an even greater purge than the one they’ve perpetrated in the last 6 months to undo the damage.
It would be relatively simple for other institutions (eg, universities) to track inflation but not the other metrics
1984 production numbers
Sadly for the Republican Party the truth is what trump says the truth is and trump doesn’t read or think he just regurgitates the scrambled up garbage in his head
American exceptionalism at its finest. get so #complacent and #impatient that you vote for the demonstrable con man and sociopath instead of giving the Dems the power they needed to enact legislation that the majority of ALL #Americans want.
This is the PUTINIZATION of the USA in action. trump fired the leadership of every dept & replaced them with maga loyalists. To ensure that his propaganda is spread as fact to obscure the corruption and destruction of our democracy.
My sister was hounded into early retirement from Labor and Statistics - she collected that data. Yeah, good LUCK.
Well, let’s see if they could lie about Covid numbers. They surely can lie about anything else and make numbers up just like you know RFK made up fake reports using AI
ADP employment reports will become more important.
Agreed. News from China is more trustworthy...🙃 Life in the Divided States of Dystopia.
Which will lead to a total lack of trust in the US. Will be difficult to borrow money with this suspect economic data.
Worse than that. Business won't dare to invest if they can't trust the official numbers. Lying about inflation will decrease the amount retirees receive in real terms. People won't buy TIPS or other government bonds. The whole country will shut down and we will be in a depression. Well done, MAGAts.
When the economic releases are written in all caps with a black sharpie we’ll know for sure.
Oh man… I was thinking “somethings not right” when I saw that inflation number! Stuff like this has been going on for years since Reagan/Thatcher. Thatcher changed the way unemployment is tabulated to make it appear lower. Reagan followed suit.
Canada did not follow Reagan & Thatcher & that’s why Canada’s unemployment numbers have always been higher for the last 40 years.
It’s all Conservative trickery to make things appear better than they are. If this is true about US inflation… then it’s a serious matter. The Fed relies on this data. Another reason why foreign investors are getting wary of the USA! Loss of trust!
Anyone think this WASN’T going to happen?
Can’t trust my own country for any data including health info. On this D day I’d like us to be liberated from this administration.
An eventual collapse of the economy,something 77 million idiots voted for.🔥🇺🇸🔥
I beat you to it. That said, this is truly scary and needs to be handled with care. Abject distrust in the government once lost, can it ever be restored?
I was looking at bicycle pedals with integrated powermeter (hey, I work offshore, give this nerd a break) and the US price was exactly twice the European… So much freedom!
@justinwolfers.bsky.social Can we still trust these guys?
Vicious circle
Cooking the books.
We can't even trust the weather forecasts. Ya.
Post your tariff Sales tax inflicted by the felon
The most frightening constraint on analyses: using biased data for decision making. Corrupt data used to forage a corrupt agenda is sickening, frightening, and shameful.
This type of shit is done in countries that cook their books; China, Russia, … They also; stop giving out information or give out false information to make their finances look good. The problem with that is everyone is flying blind, no visibility and you can not trust your gauges.
This is also what happens when your government is led by very wealthy business types. Trump got caught cookin' the books by NY for tax purposes, remember.
as you responded to this, I found a YouTube video that explains a chunk of what’s going on here. Enjoy. Yes, Trumps Administration wants US-All deaf, blind, and dumb. youtu.be/Jo_5NJhGmtM?...
They eliminated all the employees at PRAMS (Pregnancy Risk Assessment Monitoring System) despite the maternal health crisis, even with the multitude of programs targeting this issue, the progress has been very slow. I guess now if we aren’t tracking it, there is no crisis?
In 2021 the maternal mortality rate DOUBLED because of COVID,it stabilized after we had vaccines. A 2022 AJOG study found vaccination during pregnancy reduced ICU admissions & maternal deaths fourfold.Yet RFK decided COVID vaccines are no longer recommended for healthy pregnant people.
Yep The MAGA Party is A Death Cult!! And No one wins with MAGA at the wheel including MAGA.
The US has the highest infant mortality rates of any other high-income country, 60% of Sudden unexpected infant death (SUID) cases involve sharing a sleep surface, and most SUID cases involve multiple unsafe sleep practices, yet NICHD cuts included the Infant Safe to Sleep program circa 1994.
Racial disparities in maternal & infant health women are 3x as more likely to die than white women. Black babies are more than 2x more likely to die than white babies. Yet on 5/10/24 House Republicans introduced H.R. 3518,a bill to DEFUND med schools that teach about disparities & systemic racism.
Nothing credible will come from a government source ATM.The MAGA Party of Mediocrity has declared war on science, replacing it with alternative facts, racism,bigotry,hate, & a death fetish.They are dog piss snowflakes fueled by hate bc intelligence & empathy outshines them & makes them feel small.
I wouldn't take medical advice from JFKJr. wormhole.
October 2016 unemployment was below 5% and Trump said it’s fake I’m hearing it’s as high as 42%. So the government will release the numbers he’s hearing in his cottage cheese brain
The fat lyin' NY Scumbag and his minions would never weaken data collection so much that they can lie constantly and move what was once reputable and trustworthy data source is now a shithole...would they?
America will never be what it was 150+ days ago. Canada has said it. America, as the global leader is over. It's up to the people to take the country back. Clean sweep Nazi,pro-russian,crypto grifters, non tax paying, law breakers, go to prison or whatever. Trumps people are scum.
Agreed
My thoughts exactly!
However, we know the truth because we’re living it and we’re filling it every day. I don’t need their data to tell me what I see daily.
Absolutely, the data is not to be trusted, not in any area where it’s unfavorable to Trump. Also, any data favorable to Trump will be manipulated to be the “best in the history of our country”.
We need the help of our researchers and universities to up our capacity for citizen monitoring
100% Trump propaganda is all we will see in the future. We need external independent measures to rely on.
Follow the ISM Manufacturing & Service PMI's. Third party surveys of industry that Trump's executive branch can't touch. Both are currently in contraction this past May
Unfortunately it won’t be possible. You can’t tabulate data that’s not collected. And you can’t collect data without sufficient staff. No, this is Trump’s way of “making America great again’; poking our eyes out so we cannot see reality. (The Fox News-ing of America.)
You either have to believe TACO, his crazy cabinet members or the MAGA media. I should not to. 🤣🤣🤣🤣
Trump is simply copying Xi, Kim Jong-un and Putin (all communists).. No statistics, no diseases, no inflation, no problems.. And those who disagree should be deported, executed or put in jail.
Because of staffing shortages. Yeah, ya think?
Yes, no numbers that we get are going to be correct, we know this, but they're really not going to be able to hide it very long. Inflation is right in front of our eyes, I saw it yesterday at the grocery store.
Another Trump technique like not testing for COVID means COVID doesn't exist, so not having any economic data means inflation isn't happening
That is not a surprise at all!
Most Americans aren’t even aware how subpar our nutrition and food is here in the states. Republicans want to make this something no one thinks about either.
So... basically the Trump Organization has been put in charge of cooking all the books now... 🤨
Oh, come on. It's not like either Trump or the Trump administration have ever just made up numbers! 🤬
A cart full of cash for a loaf of bread. Trump says we never had it this good.
The lie is a deliberate omission. ycharts.com/indicators/u... ycharts.com/indicators/u... ycharts.com/indicators/u...
They lie about everything no shock there
It's a sad time in American history. Once Democrats get back our government there will be so much clean up to do. 😩
The economy is doing numbers like nobody’s seen before. It’s really beautiful! 🙄
💯
That's how you wreck the world's largest economy.
Russell Vought and Scott Bessent should be held accountable every month
All the years they claimed there was a "deep state" was just projection of their plans. We now have a real deep state, folks.
Can we just start calling you NostraRonus?
Wait, the WSJ is reporting this??? I guarantee the Taco is on the phone whining to Rupert Murdoch right now…
This will affect perception that US treasuries are unreliable- and drove up borrowing costs and deficits. This is the cost of destroying US government and credibility.