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Great Depression II?

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  • #16
    Originally posted by Thoughtful Monk View Post
    Well, the unemployment rate made an unexpected drop. Let's not celebrate too much over one point of data. It is a good sign that the recovery may come quicker than currently expected.
    The economy officially "opened up" a week ago in the midst of riots, so it's pretty absurd to think these numbers are even remotely valid. I've always suspected the BLS was fudging data in favor of Obama. Folks don't realize a whole lot of revision takes place with this data months, even years after the data is officially released to the public -- out of all the economic data, the jobs numbers are the easiest to manipulate. But they were never THIS overt about it even under Obama. It's a strange thing if they're now doing it for Trump, because folks are typically partisan driven.
    "I was the CIA director. We lied, we cheated, we stole, it was like... we had entire training courses. It reminds you of the glory of the American experiment." - Mike Pompeo, Secretary of State (source).

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