“BLS” refers to the Bureau of Labor Statistics. It circulates data that appear to be fraudulent. Edward Dowd says that everyone has been operating under the premise that the economy is stronger than it really is; and expresses concern as to what will happen when people learn the truth:
I have reposted this earlier but I is disturbing enough to me that I want all of my followers to pay attention.
— 🔋The Hoodster (@HoodsterThe) December 15, 2024
Remember, the FED knows the truth and this is why they are dropping rates.
I was expecting a mild recession, but this has me a bit more concerned now.
Please… https://t.co/to7U6ijkWX
Dowd’s insights are invariably worthwhile. In line with what he says: the total number of private sector jobs has shrunk the last 9 months in a row and retail sales, adjusted for inflation, are in a three-year downtrend. Trump is inheriting a mess, statistically hidden for political purposes by the BLS.
Healey, I don’t think people know what is going on with this. I think they know the economy is poor, but I doubt they understand the variation between the representation and the reality we will be facing.
I have always suspected the BLS of fudging the facts.
With good reason, Fred. The political manipulation the socialists commit is far-reaching, and impacts many different things we witness.