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Originally Posted by Mr.Coffee
There are many examples of public economic data that organizations require to run their businesses and use in forecasts. Without this data, risk goes up. It’s not really all about the markets although I agree with you there are other data points (so far) uncontrolled by government markets may be able to rely on.
It’s really not just about data and it’s a massive issue if you believe the society is still a democracy. In fact this move is arguably the biggest canary in the coal mine about Trump’s authoritarian intentions. Well, this one or his moves to undermine the judiciary branch- one of the two.
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The point is the markets don't believe anything he says as is, hence why TACO is Trump's nickname. When the next jobs report shows 10 million jobs added and wage growth showing the average American is earning $6.66 million a year, you think the markets are going to believe that? I would actually expect the more audacious the claims the Trump admin makes, the worse the markets will react. As those Shaolin prophets once said "Cash rules everything around me", and the markets aren't risking their cash on bull#### information.