Comment by duderific
2 days ago
Next up in the timeline - when a bad jobs report lands, the person reporting the unwanted data gets fired [0]. Undoubtedly a toadie will be put in their place who will report numbers that make fearless leader look better.
We are now well on our way to George Orwell's 1984 dystopia.
[0] https://www.cnn.com/2025/08/01/business/trump-job-report-num...
And how will not having semi-reliable data affect Wall St?
Honestly no one knows but two scenarios could play out:
1. The economy goes bad quickly as actoes realize they cant rely on data to make rational economic decisions.
2. Certain actors pay some quasi-governmental organization (say, "Friends of Mar-a-Lago Book Club") to get access to more accurate data, on the agreement that they make the stock market go brrrr, and they continue to make money.
Wasn't a significant contributor to the 2008 crash the fact that the ratings agencies were cooking the data?
Obviously different data and utilization, but as economic models require accurate data to forecast accurately, it could be a cascading effect.
https://en.wikipedia.org/wiki/Credit_rating_agencies_and_the...