In Russia, they're classifying economic statistics to hide their worsening economy. Putin's decreed there will be no recession, so the way he'll do that is to tell everyone there's no recession.
In this country, our petulant leader fired the head of the Bureau of Labor Statistics because he didn't like the numbers. The message is clear to her successors: Cook the books to please the Sundowner-in-Chief. He's also on a campaign to turn the Federal Reserve from caring about inflation to caring about his poll numbers.
But the bond market is what keeps the country from collapsing under the massive debt that Republican presidents have saddled it with. If the Angry Bloated Orage Toddler fucks around with the interest rates, large infestors will dump treasury bonds and then things will get much worse rather quickly.
Also, he's crazier than a shithouse rat:
6 comments:
China used to be the number one foreign holder of US debt. Number three now:
https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html
It's never good when bond vigilante appears in headlines
Foreign demand for US Treasuries holds off bond vigilantes
https://www.reuters.com/markets/us/foreign-demand-us-treasuries-holds-off-bond-vigilantes-2025-07-23/
Gold is close to a record high. Not much confidence in Captain Chaos around the world:
Central banks on track for 4th year of massive gold purchases, Metals Focus says
https://www.reuters.com/world/india/central-banks-track-4th-year-massive-gold-purchases-metals-focus-says-2025-06-05/
If all all else lie. And keep lying.
Eck!
For the record, I bought GLD about eighteen months ago as a hedge for two reasons: the US debt and that the Fed has never soft landed an economy in its history. That was my brokerage account. Apparently, those reasons were sufficient to convince the person managing my retirement money too. I didn't know that central banks were building up stocks of gold to protect themselves against the US dollar at that time. I hedged against MRNA and PFE back in 2020. Lost a few shekels, but my account was happy. Let us just say I didn't like the haircut from the Great Recession. Warren Buffet is sitting on about $247 billion is cash.
Riddle me this, if Donnie Two Scoops wants lower interest rates wouldn't he welcome the jobs numbers?
It's not just him who makes me ill to speak of, it's all the rat fuckers he surrounds himself with.......
Patrick
Because *47 is an idiot and only he counts not anyone else. ITs means
nothing to him of you lost your shirt or not. Unless you can easily toss
a million or two at him, then your someone.
Eck!
Yeah cook the books for now, but at some point they will eat the orange oaf.
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