The BLS July jobs report came in with only 73,000 jobs and significantly reduced May and June. The data was seasonally adjusted as it normally is periodically and became aligned in a more logical trend with the private sector ADP jobs reports.
In a Presidential tantrum when confronted with undesirable reality, His Royal Highness fired the Commissioner of Labor Statistics laying the pathway away from certainty past uncertainty and to international doubt that United States economic governmental statistics can be statistically reliable. Welcome to the disbelief regime of Banana Republic.
The economy in the first half of this year has slowed to approximately 1.5%. President Tantrum has shot himself in the foot in denying the economic reality and statistical data that might actually convince the Federal Reserve to start lowering interest rates in the coming months --- just as he has been autocratically demanding without justification.
Tariff reality is making its economic appearance in the data and the cards will continue to fall into the rabbit hole of tariff uncertainty and Presidential chaos. Will it cause enough fear and doubt to cause the AI tech stock market bubble to burst?
President Tantrum has us all following the White Rabbit down the rabbit hole to present ourselves to His Royal Highness dressed as the Queen of Hearts dancing amidst chaos and anger shouting "Shoot the Messenger! Off with Reality's heads! Don't they know how long you have to run to stay in the same place?"
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