The funny part about this is the experience from Biden's term in office show that good BLS numbers on jobs/inflation are completely useless from a PR perspective if voters are upset about the economy. Literally the only impact will be making it harder for businesses to make projections.
And te criminals on Wall Street will be happy to trade off the bullshit BLS numbers. Once Powell is gone and Trump replaces him w. his own hack, the Fed will happily make policy based on same bullshit numbers. Which ought to result in Weimar Republic inflation sooner rather than later.
Glad you pointed this out. Numbers were very good, yet voters said Biden sucked on the economy. People vote what they see and feel, not some bureau statistics.
I think it's how the media presents the state of the economy, whatever the conventional wisdom is, that matters. Biden's economy was fine, good even, the envy of the world, yet the media seemed to only repeat republicon (bad-faith) complaints about the price of eggs.
Which will help to crash the economy. When business gets hesitant to make the calls, everything slows to a crawl. So business will HAVE pick up the slack. SOMEONE has to be the grownup in the room. Trump is nothing but a lunatic toddler.
Yeah the lack of reliable hiring data will force most companies to cut back.
Doctored CPI reports are coming too, and even more damaging, because companies use CPI to calculate things like setting contracts and wage increases. If official statistics say inflation is 1.5%, but you know it's at least three times that, but it might be four, what do you do?
IPOs will drop to zero... nobody will be able to gauge the market.
I actually doubt that. There is so much over-exuberance in the market right now, they’re going to keep chugging, regardless of the factual or not data, and regardless of company guidance. With this move, Trump is setting up the entire market to be functionally all meme stocks, trading on feels.
AI is the only thing keeping the market strong.
I agree. Wall Street criminals will happily trade off bullshit data. The over exhuberance will keep it going until the implosion.
And the bizneesmen will kowtow to the orange shitzenpants and issue the numbers HE wants.
Hardly. Businesspeople do everything for the money. The numbers will be there and someone will be making money releasing them. The cultists are morons, but businesspeople are in it only for the money.
And they are part of the scam, and have been from Raygun to the present.