Are we heading toward what you see in Latin America or Turkey?

First, gotta hand it to the libs. They always blow things way out of proportion. President Trump didn’t lie to us about Russiagate. He didn’t lie to us about Biden’s health. He didn’t lie to us about the border. He didn’t lie to us about Kamala’s word salads. In fact, I can’t recall one single politician who has kept more of their campaign promises than has president Donald J Trump. Naturally the WSJ has turned on President Trump. The president is suing Robert Murdoch. These articles are shameful.

“For many investors, the quality of U.S. economic data and the transparency of the collection process have driven the outperformance of American markets relative to its peers over the past century. Some worry that the firing marks the latest threat to that American exceptionalism and, over the long run, could exacerbate pressure on U.S. assets, already elevated because of the trade war and Trump’s attacks on the Federal Reserve.

“Your initial thought is, ‘Are we heading toward what you see in Latin America or Turkey, where if the data doesn’t look good, you fire someone, and then eventually stop reporting it?’” said Alejandra Grindal, chief economist at Ned Davis Research.

Market impacts from McEntarfer’s dismissal have so far been muted, with the S&P 500 rising 1.5% on Monday. But the market impacts might not be clear immediately, only appearing after months or even years have gone by.

Trump’s BLS Firing Tests Wall Street’s Reliance on Government Data — The Wall Street Journal

Maybe he needs to fire the Wall Street Journal too.

 

I love the fearmongering and the “oopsy market was up 1.5% today.”