Staying long GLD and the Swiss franc ETF, FXF.
As Trump was inaugurated, BLS claimed that two million people joined the workforce in a single month. This was obviously a correction for undercounting the massive numbers of illegal aliens joining the workforce under Biden, but it’s timing is absolutely incredible.
It is bizarre. But, he has been saying “the economy is strong, so the Fed should cut rates.” It is quite possible he has no idea that it is economic weakness that typically engenders rate cuts, especially in an environment when inflation is still running hot.
Erika was a rat holdover and a saboteur. NYT left that out of course.
She is a democrat and has been cooking the books per initial stories.
You’d think he has learned. Fire more and faster.
Why are there still Biden appointees in the Trump admin?
Vetting Crisis!
Great job by President Trump who just announced he is firing Biden holdover Erika McEntarfer, the Commissioner of Labor Statistics.
Every single Biden holdover must be FIRED. pic.twitter.com/n73qcsEqZ7— Laura Loomer (@LauraLoomer) August 1, 2025
Erika McEntarfer manipulated the data for political reasons.
Another swamp rat didn’t get the cheese.
All the numbers on the economy are in the safe zone the rats are learning this isn’t Trump’s first round as president dealing with them.
With AI computers increasingly invading our privacy, why do we even need a numbers nerd to count the number of people working?
BLS always issued rosy numbers for Biden that the press jumped on, only to have those number dropped later.
RATs are bad at math.
Calling Federal Judges!
I don’t understand his way of thinking . he seems to be claiming the opposite of what drives rate cuts.
Leave it to the NYT to try to turn the tables on Trump for this.
I’d definitely go with insane.
Even if someone has no clue how statistics work - and you failed out of HS algebra and now “do you your own research” with silly youtube videos and random trolls on WSB - this doesn’t even make *logical* sense.
You might as well be some conspiracy theorist leftist claiming the BLS was cooking the books *FOR* DJT to make numbers look artificially inflated until preliminary data becomes final and the gig was up.
But yeah... I shifted a fair chunk from VTSAX to VTSNX back in March.
So far? It’s worked out quite well... which is weird - and one should never lean on 6 mos of data when decades are available - but this is the first time in yeesh... 30 years? That a broad international index has outperformed a broad US index.
The article is misleading. Trump is not firing the BLS commissioner because of a weak job report. That suggests that he is pressuring BLS to show high job numbers. He is firing the commissioner because of incompetence and/or political manipulation of the numbers. We need a non-partisan, smart and accurate BLS commissioner.