President Donald Trump on Friday fired the Bureau of Labor Statistics commissioner, hours after the agency reported that job growth in the U.S. had slowed to a near-halt.
In a Truth Social post that also directed even more fire at Fed Chair Jerome Powell, Trump accused BLS Commissioner Erika McEntarfer of being a political appointee who was manipulating jobs data.
“I was just informed that our Country’s “Jobs Numbers” are being produced by a Biden Appointee, Dr. Erika McEntarfer, the Commissioner of Labor Statistics, who faked the Jobs Numbers before the Election to try and boost Kamala’s [Harris’] chances of Victory,” Trump wrote.
“We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified,” he added.
How do I short the entire US economy?
Normally I’d say this is the stupidest fucking thing I’ve heard, but I don’t even know if it makes the top 10 this week.
Buy euros, euro-denominated bonds, short USD.
Not Euros, Euros will crash with the dollar. Buy something of real value, like commodities or real estate.
Really?
Yes, when a major economy crashes, it drags the sentiment down by a lot. Everything panic sells.
Europe is dependent on US for its economy in some ways, so a crash in US economy dents the Euro too.
On top of that, some major European countries are struggling right now, like Germany. Greece is also in a bad shape.
Real estate definitely gonna crash as well alongside the economy
Everything will crash as a panic knee jerk reaction but the real assets will recover much quicker.
USA is emulating Russia and will be just as dysfunctional. China is at least producing results.
The Chinese economy is not doing well… and they’re gonna be fucked too when USA sinks itself
Chinese economy is the absolute shitter with no signs of improvement