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Old Crank

(6,083 posts)

23. Add to that the cutting of workers who collect the data.

Sat Aug 2, 2025, 11:32 AM

Aug 2

Doge has cut people who go out and actually check shelf prices to compare to last month or last year. That data isn't there with the same granularity.
Krugman had worries about this in January before inauguration day. One of his big worries was in the Treasuries market. What happens when people who buy US treasuries, considered to be the safest, or at least one of the safest, investments world wide? When investors, many foreign, stop trusting the numbers backing up the treasuries. where will they go? What will happen to the interest rates, going up and how far. What then happens to the debt payments. Up, up up.
If you hold the Inflation protected treasuries can you be sure the numbers are correct or is the administration giving low ball inflation numbers to keep costs down? How does that affect Social Security?

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This message was self-deleted by its author [View all] BumRushDaShow Aug 2 OP

Always with the concern... EarthFirst Aug 2 #1

They won't do a DAMN thing about it. NCDem47 Aug 2 #5

It's the Susan Collins Syndrome mdbl Aug 2 #13

Official numbers deviate from economic reality bucolic_frolic Aug 2 #2

There ya go. People on DU predicted this BS would happen months ago. Now we are THERE..... Bengus81 Aug 2 #3

Watched a TV piece with leading economist noting government data has been faulty for awhile but.... dutch777 Aug 2 #4

Link? gab13by13 Aug 2 #7

Can't capture the link but search "Mohamed El Erian on jobs data" on YouTube and you'll get it. dutch777 Aug 2 #9

This same guy seems to have thought Powell should resign radical noodle Aug 2 #16

Add to that the cutting of workers who collect the data. Old Crank Aug 2 #23

Trump will say stfu before I make Allen Weisselberg head of BLS BeyondGeography Aug 2 #6

He usually picks people from Fox gab13by13 Aug 2 #8

Charles Payne. If he wants diversity there's always... underpants Aug 2 #12

As if the chickenshit Republicans are actually going to DO SOMETHING about it. (nt) Paladin Aug 2 #10

He'll appoint Ghislaine Maxwell Duncanpup Aug 2 #11

Not the last to be fired bmichaelh Aug 2 #14

I can only think popsdenver Aug 2 #25

And their concern does exactly what? dlk Aug 2 #15

Their "concerns" and fecklessness are duly noted. Pacifist Patriot Aug 2 #17

That's a Susan Collins level of concern WhiteTara Aug 2 #18

I was going to say the exact same thing! sheshe2 Aug 2 #20

... WhiteTara Aug 2 #21

They adopted Susan Collins' "concern". But what are they DOING about it? CousinIT Aug 2 #19

Nothing a few phone calls from MAGANAZIGOPpers can't fix. Kid Berwyn Aug 2 #22

"Concerned," as in truly concerned and I'm going to do something; or Senators Collins and Murkowski "concerned?" Grins Aug 2 #24

Being "concerned" Jilly_in_VA Aug 2 #26