Orange Bastard screws stock market...AGAIN

And his qult is too dumb to care. Until they pay higher prices.

We told you so, fucktards.

Someone posted this in the treason thread: The U.S. economy added 73,000 jobs in July, far below expectations of 110,000. May figures were revised down by -125,000, from +144,000 to +19,000. June was revised down by -133,000, from +147,000 to +14,000.

All that crowing about the jobs report last month and it was a lie.

Well, it's a Trumpy-Trump world -- what did you expect?

How long before he TACOs? A Scaramucci?

Trump doesn't care, he's off golfing this weekend.

But the NYTimes says he’s doing great with tariffs.

Trump is a economic genius!

The NYTIMES did not say that R6. What they said is Trump is winning, meaning he's getting his way with tariffs. However remember the saying, be careful what you wish for. Well, Trump's wishes came true, now comes the fallout because he's ignorant about economics.

NYT needs better headline writers.

He's deliberately trying to tank the economy to force Powell to lower interest rates

[quote]Trump doesn't care, he's off golfing this weekend.

I believe he does care. His whole persona is him believing he knows the economy better than anyone else. And the stock market is a direct measure of his effectiveness. It's not like immigration where he can just make up numbers, or have ICE/CBP fudge numbers for him. Everyone can see the market. And he doesn't want to lost the support of investors.

He cares...a lot.

The stock market isn't the only thing he's tanking. Remember when he was going to bring manufacturing back to the US?

R11

All he had to do was golf. Just golf. Everything would have been ok. He’s doing so much fucking dancing and diversion, here’s the latest. How much more can this bastard do before he gets removed? Answer: a lot more.

He's in a panic over the job #s:

"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 chances of Victory ... I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified. The Economy is BOOMING under “TRUMP” despite a Fed that also plays games. Jerome “Too Late” Powell should also be put “out to pasture.” Thank you for your attention to this matter!'

Scott Baio IN as Commissioner of Labor Statistics!

Flailing. But you voted for this Amerikkka.

What is up with these massive jobs revisions? There was one HUGE one under Biden last year as well, which just made the administration look foolish after they touted the numbers for months on end. What are the statisticians there doing?

And of course he'll replace the Biden appointee with a MAGA true believer now, so you'll never be able to believe anything that comes out of that office until they're replaced.

"Thank you for your attention to this matter!"

The "Biden Appointee" was confirmed to her post by a Republican Senate in a vote of 89 to 8.

So she's been fucking up for two (three?) administrations now, great.

Next month’s jobs report:

“The U.S. added TWO TRILLION JOBS in the month of August! Unemployment has dropped to an all-time low of zero! This is the greatest jobs report of all time! And all thanks to President Trump and his wonderful tariffs! Make America Work Again!”

[quote]"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 chances of Victory ... I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified."

And you guys thought being a statistician was stable and boring!

I had three of my bosses fired for falsifying data (or ordering me to) while I was a statistician, and one of them -- at my very last job -- worked for the (not FL) state government in a pretty high position. Bye-bye, Fred -- you asshole!

BTW, De Satan got rid of his statistician, smeared her good name, and had her arrested on trumped-up charges (pun not intended) for refusing to supply the data he wanted during covid. She turned herself in.

When you work as a statistician, you should get hazardous duty pay.

They are destroying every institution they can. What will be left is just power plays. Whoever has the money or guns or clout. What a way to celebrate the 250th anniversary of the Declaration of Independence.

80 million people voted for this idiot because they didn't think the colored woman could handle the pressure.

Wanna blame somebody? Blame these 80 million assholes!

I had expected this craziness in January before Trump was inaugurated and took 75% of my 401K out of the stocks and bonds and put the funds in term annuities as a safeguard. I'm too close to retirement to ride the economic downturn for the next decade or so hoping for a recovery. It took close to a decade for my 401k portfolio to recover after the 2008 financial crisis, I am am unwilling to go through another lost decade.

He's firing the labor stats person because it was shown there was a downturn in jobs. Of course, he wants someone who will fudge the numbers. Moron.

[quote] 80 million people voted for this idiot because they didn't think the colored woman could handle the pressure.

That is NOT why they voted for Dump. They KNEW she could handle the pressure and that's why they didn't want her.

"Defeatists will be summarily executed!"

Truth has no place in this administration.

The stock market has largely become a short term options trading slot machine so to the worthless retarded “job creators” who gamble them with daddy’s money the volatility is fantastic.

[quote]80 million people voted for this idiot because they didn't think the colored woman could handle the pressure.

As the great Paul Mooney said, "White people will never disappoint you in behaving like White people."

R25 Stop inflating the votes Trump got in 2024.

Trump: 77,303,568 49.81% Harris: 75,019,230 48.34%

Trump got only 1.85% more votes than Harris, and got less than 50% of the total votes, so he does NOT even have a mandate.

R11, the fluctuations are due to decreasing numbers of companies responding to the BLS survey and summer hiring trends such as sharp decreases in education employment during the summer. Both Bloomberg and the WSJ are reporting on this. Financial people are really concerned we're going into a period of stagflation which hasn't happened since the 1970s. Trump and his tariffs are fucking with the global economy of which we are a large part of. Maybe the hair dye has seeped into his brain.

Yeah, R34 - I watched Steve Liesman on CNBC explain it. I said he cares. He's still a fucking idiot with the chance to wreck the economy.

Stupid, arrogant, know nothing orange prick.

Hope he loses HIS job

His idiot brain thinks tariffs are the answer. Wrong again, bloated blowhard.

Why are they avoiding Mag-a-Lardo? They've been going to Bedminster instead for over a month.

I say 'they' but Melontits probably isn't with him. And where's The Barron? How is he spending his summer off from school?

^ Maybe there's young Jersey cooze at Bedminster.

Expect nothing but LIES coming from what used to be OUR government from here on out. America, you’re a joke.

The clocks are striking thirteen.

R26, that probably wasn’t the best move. The one thing Trump cares about is the stock market. He will reverse any policy if it hurts the market. I stayed in during Trump 1 and now Trump 2. So far so good but sleeping at night is important too. The money isn’t worth it if you can’t do that.

R42, the one thing Dump didn’t really fuck with in his first term was the economy. The market responded in kind and went up generously. Of course, Covid eventually fucked it up enough. But this time, it seems the economy is his primary focus for some idiotic reason. Every move he makes is designed to I still chaos and uncertainty, and the markets despise both of those things. Things will get much worse if he continues on this course.

Big business can’t be happy about that.

^instill at my post at r43.

[quote] [R26], that probably wasn’t the best move. The one thing Trump cares about is the stock market. He will reverse any policy if it hurts the market. I stayed in during Trump 1 and now Trump 2. So far so good but sleeping at night is important too. The money isn’t worth it if you can’t do that.

Yes, well, taking your money out of the market and then watching it explode when Orange Shitstain backs of tariffs AND banking regulation will make you an insomniac.

Nope. I just do not want to lose my principle. Earning only 5% compounded daily will guaranty I will gained 25% of my investment over 4 years. With the volatility of the stock market under Trump tariffs, spiking inflation, significant job losses, and emerging stagflation, will likely put the US into a deep recession within one year.

R45, the issue goes way beyond tariffs—btw many went into effect Aug. 1, the rest are Aug. 7. It’s the real softening of the jobs market, which indicates real economic issues. Combine that with still-high prices, and you’re looking at long-term shit.

The problem also is when Dump yaps about tariffs and backs off, he causes unnatural dips in the market. You’re then set back, and have to claw your way back to where you were before he opened his mouth. You could have been growing your investments during the time, instead you’re trying to get back to where you were. It could be a week, it could be a month or two. That’s money that should have been growing, but didn’t because of Dump.

I don’t blame anyone for hedging their investments. I have about 60 percent in a growth fund (yes it’s done very well over the years) now that retired, with the rest in safer options like CDs and bonds.

Dump is doing something he didn’t do his first term, he’s messing with the economy. Not good. Unless he backs down or gets some sense, we are in for a very bumpy ride.