Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 08/01/2025 12:18:31 PM PDT by Miami Rebel
Hours after data showed cracks in the U.S. economy, President Trump implied that Erika McEntarfer manipulated the data for political reasons.
Hours after disappointing jobs data reflected cracks in the U.S. economy, President Trump said Friday that he planned to fire the commissioner of the Bureau of Labor Statistics, Erika McEntarfer, and implied on social media that she had manipulated the monthly data for political reasons.
According to the data released early Friday, U.S. employers added 73,000 jobs in July, less than economists expected, and the unemployment rate rose slightly. The report on also significantly revised down the data on hiring from May and June by a combined 258,000 jobs, suggesting the labor market was under greater strain than initially believed. That moved the bond market in particular, with U.S. Treasury yields falling sharply as investors anticipated that the Federal Reserve could be more willing to cut interest rates to bolster a flagging economy.
Financial markets were also rattled as investors grappled with the implications: Stocks fell and the dollar dropped against other major currencies.
(Excerpt) Read more at nytimes.com ...
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
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?
I know people here think Laura Loomer is a loon, but she’s right here. Fire every Obama and Biden holdover IMMEDIATELY.
BLS always issued rosy numbers for Biden that the press jumped on, only to have those number dropped later.
“”””Erika McEntarfer manipulated the data for political reasons.”””
When I saw that name, I thought McEnFarTer.
She's a loon. But when she's right, she's right!
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.
“he has been saying “the economy is strong, so the Fed should cut rates.””
GDP in 2Q was 3% which is pretty good. No surprise that Fed didn’t cut rates due to their usual concern about overheating and inflation etc.
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.