dwy000

Cult.

What does this mean that he is "playing you and everyone else with tariffs"? Playing how? Nobody, not people in the administration, the TV talking heads or anyone on this board can explain what the actual goal is with tariffs. So, not only is the goal unclear but the implementation has been horrendous, disjointed and downright harmful. If Trump is playing people, he is intentionally harming the economy and the US's international reputation with no apparent end game, for what? Enjoyment? To "own the libs"? That's not leadership. Its chaos. People deserve an explanation and competence. They're not getting either.

This is based on what? Accurate data is now considered a "waste product of the government"? Can you give any insight into what makes it either inaccurate, inefficient or wasteful? Its a department that every country in the world employs and its accuracy is vital to policymaking and interest rate management. You may not use it but its impact is felt everywhere thru interest rate changes, manufacturing, trade and other policies.

Its the benefit of independent thought and analysis. Take inputs but.make your own decisions and dont fall in love with a stock or a rationale. And be willing to acknowledge when youre wrong and change your mind.

Not sure how that's relevant but my top 3 positions are MSFT, ORCL and JPM - all of them because they grew into it over years. Also in BRO, Builders, BRK, Dell, Cigna and a couple of others. Many of them introduced to me on this board.

That's how the process works!!! Thats why they are "initial" numbers. How.many posts here have shown that revisions are normal, expected and have been part of it for decades. As I say, if you defend the undefendable with no independent thought or rationale except the Dear Leader talking points, you are in a cult.

This is the ultimate cult response. He did something stupid and unnecessary with no proof and no evidence. Even though it makes no sense and you cant justify it you are 110% on board. No independent thought. No independent rationale. No realization of the likely consequences. No thinking or analysis. Simply Trump did it so it must be right and I'm all for it. Thats a cult!!!

Everyone knows that. But its meant to be directionally indicative. The final numbers are reliable. The market puts enormous trust in the numbers while understanding they will be adjusted. The size of the adjustment is itself an indicator of how fast things are changing. Again, Trump is not questioning the way the data is collected or reported. Hes claiming its being manipulated (without evidence or proof). And if he really wants rates to come down he should be celebrating the data because that's the exact kind of data that justifies a rate cut.

Everybody. Thats how the system has worked for decades. Its why its the "initial" jobs data.

Do a Google search on how the numbers are compiled. The numbers are posted based on survey results received at the time. Thats why theyre called the "initial" numbers at first. They are adjusted as additional surveys and data is received. Its been this way for years and years and years.

I dont think I have once posted about a jobs number on here except maybe in reference to another issue. Never. Wasn't me.

You obviously have no idea how the numbers are produced. They dont do a lousy job, they report the numbers they receive from surveys and then adjust later as more data comes in. Its a data issue not a competence issue or bias issue.

You cant talk about whether the BLS is manipulating data? Something its never been accused of until the numbers look bad for Dear Leader? I get your penchant for "ignore the noise" becuase for the most part that's a wise decision and most of its noise. But when the President starts firing trusted officials because the data doesnt look good for him, that undermines the very principals of the system we all play in. Itsnot noise, its changing the infrastructure for the worse.

Who doesnt trust them? The entire market has trusted them since day one. Yes there are revisions as the normal part of the process,.but never has the bureau been accused of fudging the numbers. The only people who believe the numbers are manipulated ate Trump and the cult members. And now the entire market will be skeptical of all of the numbers. Thats the stuff dictators do.

Wasnt me. So what's the evidence? Revisions are standard due to the nature of the surveys. They suck, but they happen and its part of the process, just like GDP numbers and revisions. Just because there are revisions doesnt mean they are biased (Trumps assertion) or inaccurate. Its reporting the details they have at the time. Its the same process as has been used for decades. To undermine the trust in the reported numbers is to undermine the system.

Based on what evidence? You're saying this now despite literally dozens (if not hundreds) of reports? On what basis is it inaccurate?

And Trump picks loyalty over competence every time. As evidenced by...well, every single appointment. Funny that he lost confidence only when the numbers made him look bad. You're in a cult dude.

The President, who I'm sure didnt even know her name before today, only doesnt have confidence in her now because the report made him look bad. He didnt say a word after the last 2 reports. Everyone should care because the accurate reporting of data is a cornerstone to both investing and policy. Removing accuracy for loyalty destroys trust in the entire system and is exactly what dictators do. Cult.

Everybody trusts the numbers!! Thats why they move markets and are waited on and reported with baited breath. They are the most accurate numbers available. If nobody trusted them Trump wouldnt be freaking out about them. And they do affect you. They affect everyone indirectly. The jobs numbers, the GDP numbers, the trade numbers, etc are what drives interest rates, policies, trade, currencies and investment decisions. This is an investment forum. You cant honestly say economic data is meaningless and should be ignored. Especially when its only because the numbers are bad and Dear Leader is upset.

The entire market cares about the head of BLS!! If you cant trust the numbers we are no better than a banana republic. Dictators do things like fire people who report numbers they dont like. I keep bringing up "cult" because there's not a lot of alternative explanations for supporting absolutely ridiculous things for no other reason than because Trump says it.

What, that the head of BLS needs to be fired because he doesnt like the jobs report???? Thats some cult like devotion right there.

Exactly why you need to see reported numbers. Because what you are experiencing may not be what the entire country is experiencing. Firing the head of BLS for reporting numbers he doesnt like is what dictators do.

They can suspect, but until you put a number on it, its just guessing based on your own local observance. Which can be horribly wrong. Nobody was complaining about it (and nobody got fired from BLS) when the numbers were good.

The emphasis is put on the numbers because they put a tangible value on exactly what's going on in the economy instead of relying upon what people feel is going on. Is it any surprise that his reaction to the dismal economic report is..... to fire the person responsible for reporting it.