If Putin doesn’t have something catastrophic on Trump, I can’t imagine what Trump isn’t doing to America if he did.

That's interesting! One of them seems to be parroting the words of dictator Donald Trump.

Yeah, when all that accelerated importing to beat the tariffs runs out, guess where GDP will actually be?

another day of Wall Street investors celebration defying what people are actually seeing in stores, restaurants, coffee shops, car dealerships, utility bills and has anyone actually seen a credit card rate drop in the past 12 months

Wall Street investors don't appear to be celebrating anything today, actually.

finally unless there’s a late day rally, their ‘celebrations’ really give the impression they are operating in a bubble and very susceptible to manipulation, maybe the duties on birthday gifts from other countries got their attention

The fact that a number of market indices were at record highs yesterday suggests that many market participants aren't too nervous about anything. See Krugman's recent Wile E Coyote article. But also, the market isn't the economy--you can have good profits and people in distress simultaneously.

except people have been lead to believe a strong market equates to a strong economy, recently saw Paul Krugman on with Rachel Maddow & Lawrence O’Donnell and he sees little to celebrate and warned of tough times ahead made worse if trump takes over the fed-which hardly bothered Wall St

People believe a lot of weird stuff. But there's literally a maxim, around forever, that "the stock market is not the economy". People who believe otherwise are likely to be confused by events. Trump's antics are a separate issue which the market, in my view, has been evaluating incorrectly.

They weren’t concerned before the market crashed in 2008 either ( or the dot. com bust in 2000)

Economy going down down down

Same quality info they are sending out about Covid, or unemployment- all bullshit!

Sorry can someone translate this for the economically illiterate?

bsky.app/profile/t0us...

Can we trust we will get the true figures?

So that seems bad.

Who had it more right heading into quarter 1 and 2?

So who’s telling the truth? Goldman? And what happens if there’s a phone call from the WH-Will Goldman revise upwards to join the lie?

Jan Hatzius still got his job so there is a little hope that GS is more resilient

Keep in mind that much of the trade data comes through Nutlick's Commerce Department. I am not sure I would trust any data he controls. Not after the BLS fiasco. I think the consumers will provide a more accurate reading on prices, jobs, and economic direction. Right now they are feeling bleak.

I'M sure the new BLS director and Commerce secretary will fix this.

Why the hell the gap?

Golden Age!

I tend to think the FED is not fiddling their data but why such a large discrepancy?

Dotard is an a-whole.

Not too shabby for all the incompetence🤷‍♂️

GOP economic policy is shit 🙄

Tariffs have f... up Atlanta Fed model.

Trade deficit widens as nobody buys from a bully state.

The ATL Fed GDP Net exports contribution went from -.36 to +.59 even though the trade numbers seemed bad to me. So ?

It appears to me that absolutely nobody, other than the consumer, knows what the hell is going on.

No kidding.