Political Posts

[dwy000]

4 minutes ago, Gregmal said:

No, I’ve been saying it for years. 
 

edit: I pretty sure you, but I know for sure a bunch of the usual TDs lib defending regulars, got all hot and bothered when I brought up the absolute absurdity of a 800k revision under Biden…these administrative folks are retards.

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. 

[cubsfan]

3 minutes ago, dwy000 said:

To undermine the trust in the reported numbers is to undermine the system. 

 

That's why you replace the person in charge: you don't trust them since they are never accurate.

[dwy000]

Just now, cubsfan said:

 

That's why you replace the person in charge: you don't trust them since they are never accurate.

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. 

[Gregmal]

12 minutes ago, dwy000 said:

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. 

Sorry, but can’t talk about Trump with you. 

[cubsfan]

5 minutes ago, dwy000 said:

And now the entire market will be skeptical of all of the numbers.  Thats the stuff dictators do. 

 

Let's see if I understand this:

 

- BLS does a lousy job and constantly has to revise their numbers

- Basically, they are not very good at their job

- Therefore, we should keep the Commissioner around and refuse to let POTUS improve the management

 

Right,,,, that's how a loser thinks.

[dwy000]

Just now, Gregmal said:

Sorry, but can’t talk about Trump with you. 

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. 

 

 

[dwy000]

2 minutes ago, cubsfan said:

 

Let's see if I understand this:

 

- BLS does a lousy job and constantly has to revise their numbers

- Basically, they are not very good at their job

- Therefore, we should keep the Commissioner around and refuse to let POTUS improve the management

 

Right,,,, that's how a loser thinks.

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. 

[Gregmal]

5 minutes ago, dwy000 said:

Something its never been accused of until the numbers look bad for Dear Leader?

Again you’re lying because many have have engaged with me on the shittiness of the jobs reports over many years. Once again, your TDS impairs the ability to converse so no point.
 

Next.

[73 Reds]

4 minutes ago, dwy000 said:

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. 

How do you know any of this?  The fact that the numbers are later proven wrong so often suggests there are problems and issues with the surveys and the collection of data.   

[dwy000]

7 minutes ago, Gregmal said:

Again you’re lying because many have have engaged with me on the shittiness of the jobs reports over many years. Once again, your TDS impairs the ability to converse so no point.
 

Next.

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

[dwy000]

7 minutes ago, 73 Reds said:

How do you know any of this?  The fact that the numbers are later proven wrong so often suggests there are problems and issues with the surveys and the collection of 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.  

[73 Reds]

2 minutes ago, dwy000 said:

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.  

Thats the very issue.  Who relies on initial numbers that are certain to be revised?   

Edited August 1, 2025 by 73 Reds
spelling

[John Hjorth]

What is it even that you gents has been going on with each other here in this topic?

Edited August 1, 2025 by John Hjorth

[73 Reds]

Just now, John Hjorth said:

What is it even that you gents has been going on with each other here here in this topic?

Slow day today.  (Sorry, couldn't resist).  

[dwy000]

5 minutes ago, 73 Reds said:

Thats the very issue.  Who relies on initial numbers that are certain to be revised?   

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

[73 Reds]

Just now, dwy000 said:

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

Doesn't make it any more reliable.  

[cubsfan]

28 minutes ago, dwy000 said:

You obviously have no idea how the numbers are produced.  

 

You obviously have no idea how the Executive Branch of Government works:

 

The President is elected to build his team of trusted advisors. So he dismissed someone he doesn't like or doesn't trust. Big deal.  

 

This is a President that was elected to CHANGE things in DC.

 

Sorry you don't like it.

 

 

[dwy000]

5 minutes ago, 73 Reds said:

Doesn't make it any more reliable.  

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.  

[cubsfan]

2 minutes ago, dwy000 said:

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.  

 

 

Hilarious: Turns out, her boss, Labor Secretary Chavez wanted her fired.

Too funny.  I suppose the Secretary of Labor has no say in who is best to run the BLS....

 

 

“I agree wholeheartedly with @POTUS that our jobs numbers must be fair, accurate, and never manipulated for political purposes,” Chavez-DeRemer wrote

 

“A recent string of major revisions have come to light and raised concerns about decisions being made by the Biden-appointed Labor Commissioner,” she continued. “I support the President’s decision to replace Biden’s Commissioner and ensure the American People can trust the important and influential data coming from BLS.”

[Ghost]

A couple posters have on more than one occasion challenged data coming from the US federal government.

 

May I ask what sources you are leveraging to get at the real numbers?

Would you mind sharing what the true jobs numbers are.  

 

Thank you. 

[Spekulatius]

1 hour ago, 73 Reds said:

How do you know any of this?  The fact that the numbers are later proven wrong so often suggests there are problems and issues with the surveys and the collection of data.   

They publish the methodology for the job data. The data is based on surveys to get leading indicators. Those surveys tend to have issues.

 

The Paycheck jobs data is accurate but incomplete (does not capture all the business ) and is also a bit lagging:

https://www.paychex.com/employment-watch/#!/

 

Edited August 1, 2025 by Spekulatius

[Parsad]

3 hours ago, 73 Reds said:

Really?  Who cares what the market does in immediate reaction to some economic reports other than traders?  Personally could care less other than if something I want to buy gets cheap enough to pull the trigger.

 

If he's playing games with the BLS and Fed, how long before he starts making changes to GAAP or IFRS that help his businesses or interests?  You go from transparent to opaque to unreliable to fraudulent!  Cheers!

[Parsad]

2 hours ago, Gregmal said:

lol you guys are shot. The BLS reporting has been horrifically inaccurate for years and multiple presidencies….

 

But hey I love supposed fundamental investing where we go “hey look at the daily stock price movement” and pretend there is significance to it….nice evolution of the cobf mindset!

 

Including Trump's own previous administration!  You can't justify all his bullshit and interference.  That's practicing the MAGA mindset...and ignoring the room he's creating for fraud.  Cheers!

[LC]

3 hours ago, dwy000 said:

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.  It’s been this way for years and years and years.  

When discussing a statistical topic with demagogues, you can’t expect a rational conclusion. 

[cubsfan]

3 minutes ago, LC said:

When discussing a statistical topic with demagogues, you can’t expect a rational conclusion. 

 

And when you talk to partisan lunatics about separation of powers granted to the executive branch - don't expect anything resembling an intelligent response.