Exactly that he doesn’t have citations! From Daily Signal:
President Donald Trump was right to fire BLS Commissioner Erika McEntarfer, a Biden appointee, for these mistakes, even if they were the result of systemic flaws, not partisanship. Antoni, whom Trump nominated as her replacement on Monday, can restore integrity and precision to our most critical economic data agency.
…
Manufacturing employment, exports declines. Employment release from DWD today.
It’s really a statement on our times.
Preliminary readings for August. Not particularly good.
The picture as of today’s releases, with IP, retail sales below consensus.
Shocker in PPI: 0.9% vs. 0.2% m/m consensus:
SP Global’s monthly GDP series is up (with prediction of flat GDP in Q3):
Thanks to Paul Krugman for citing my brief paper on EJ Antoni’s 2022 recession claim, in “Hackification”, all in the cause of exposing the abuses of data now taking place.
From CNN today:
“Until it is corrected, the BLS should suspend issuing the monthly job reports but keep publishing the more accurate, though less timely, quarterly data,” he told Fox Business. “Major decision-makers from Wall Street to D.C. rely on these numbers, and a lack of confidence in the data has far-reaching consequences.”
