I work in capital markets and use this data, so moderate your insults.
The surest way to know someone is a blowhard is when they bombard you with jargon when attacking you. Your tirade gets to the punchline that you claim the data lags 6 to 8 months, which is basically the same thing I said. It is February 2026, six months ended in August 2025. What is the justification for restating 2024 down by 40%?
As someone who works in capital markets, I will point out that YOU have no idea what you are talking about when you minimize the impact of the government publishing data that is clearly bulls***. Trump fired the last head of the BLS and kept nominating stooges to that role until he got one that could get approved. That significantly undermined confidence in this data, and these goldilocks numbers the BLS is spitting out just makes it worse.
Our entire economy in the U.S., and all the stuff we have and access to credit and companies having so much access to capital, is a fantasy created over the last 100 years and supported by a financial system that is the destination for capital around the world. When our government posts data that looks like bulls*** and is so clearly politically skewed, it undermines our financial system, which undermines our entire economy and risks the standard of living of every single person on this board and in this country.
But don't take my word for it. Just take a look at capital flows. Investors will want to get paid extra for investing in a market where they can't trust the government's data or regulatory system. January 20, 2025 was a great day to invest in virtually any global index, and these same global indexes have crushed the U.S. since then when brought back to U.S. dollar terms. As far as I can tell, the only thing holding investors back from investing more aggressively overseas is a lack of product overseas, but the market will solve for that.
This data matters, and the stuff coming out of the BLS is obviously bulls***. The market agrees with me on this, not you.
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