Beneath the Bureau of Labor Statistics' reports on consumer and producer prices will be simmering questions over the data's validity.
  • WatDabney@fedia.io
    46·
    2 天前

    As well they should be.

    Trump has already made it clear that his opinion of the accuracy of economic statistics depends solely on whether they reflect well or poorly on him.

    So it’s pretty well guaranteed that the primary requirement of any future statistics will be that they reflect well on him, and accuracy and veracity will be somewhere further down the list.

  • TommySoda@lemmy.world
    23·
    2 天前

    When you can’t trust the numbers you can’t make educated guesses about where the market is headed. When the economy and market has to run on vibes instead of data it can only end badly. The stock market was already pretty much gambling but now it’s a casino where the house always wins and they refuse to tell you the odds. I’d trust my money on a roulette table over the stock market in a heartbeat these days. At least I wouldn’t have to worry about unexpected tariffs every time the wheel spins.

    • fluxion@lemmy.worldEnglish
      9·
      2 天前

      Plus it’s Trump so you have to constantly worry about self-induced economic crises from 1 week to the next and now all the economic data is getting pulled out of his ass while he’s more focused on not being held accountable for his endless crimes

  • aesthelete@lemmy.world
    16·
    2 天前

    Not having reliable statistics is just another step toward causing a great depression.

    In this one, Trump will be like Kim Jong-Un, talking about how great everything is going while people starve.

    • Red0ctober@lemmy.world
      10·
      2 天前

      I’ve found it’s a capitalist thing too. CEOs will talk big to their employees about how they’ve had a record year, and that things are going great. While at the same time cutting benefits, laying off workers, and telling departments their budgets will have to stretch further next cycle because there isn’t enough money.

      • ayyy@sh.itjust.works
        4·
        1 天前

        They lie to the workers, but not other capitalists. The only thing you should ever believe from a corporate figurehead is what they write in their quarterly SEC filings. That’s the only time they have consequences for lying.