Alberto Iuliano @albeiulio: "Trump said that he wants..."

Italy

Trump said that he wants to fire some people from the "U.S Bureau of labor statistics", claiming that data have been manipulated for "political purposes"...clearly it's because of today's bad data about the job market, the non-farm payrolls, and even the unemployment rate, which has risen slightly from 4,1% to 4,2%... Guys, these are very serious declarations, because when a president starts to pretend to adjust important economic data, based on his own interests, in order to give the impression that the economy is not actually doing so bad, he's actually threatening one of the most important principles we can find in a democracy: transparency I'm not saying that democracies don't have secrets at all, that would be totally naive...but when it comes to economy, here in the western world we've always considered data manipulation a really bad thing, a tabu, a practice that typically belongs to, let's use the word...dictatorships. Trump is exaggerating, he'd want to see bond yields and interest rates come down and, at the same time, corporate's profits, stocks and salaries exploding to the moon, how could a minimally pragmatic person (president) pretend this to happen? $SPX500 $NSDQ100 $TLT (iShares 20+ Year Treasury Bond ETF ) $AAPL (Apple) $BTC

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