There may never be another bad Trump jobs report.
EJ Antoni has never worked in statistics collection. He is 5 years out of his PhD. He's only ever written one economics paper. His explicit, only qualifications are that he works in ultra-conservative think tanks & believes Trump's conspiracies about the BLS. Grim stuff. https://t.co/wxLXL5dEyH
— Joey Politano 🏳️🌈 (@JosephPolitano) August 11, 2025
More on EJ Antoni here: Econobrowser: Trump Nominates EJ Antoni to BLS Commissioner
When Did Republican Women Get to Be So Vile as These Four?
Pam Bondi, Tulsi Gabbard, Linda McMahon, and Kristi Noem are the new model of right-wing womanhood. God help us.
I'd throw in Megyn Kelly too.
The US pays the tariffs.
Trump is an idiot.
Goldman's latest (still very early) analysis of tariff effects thru June 2025:
— Scott Lincicome (@scottlincicome) August 10, 2025
-Foreign exporters absorbed 14% of US tariffs
-US companies ate 64%
-US consumers ate 22%
-Protected US companies also raised prices
-Consumers will see bigger price increases (70%) thru the Fall pic.twitter.com/0S0fVnEvQp
This is the kind of thing that happens when you piss-off everyone with stupid, bullying policies.
Trump and his band of bullies are idiots.
Foreign investors disappear from US Treasury auctions, as China borrows at the lowest rates ever
There is absolutely no good news here, for the US government, or for American borrowers, or for American companies. This data point is shocking—it’s almost impossible to believe. An African government can borrow US dollars, for a lower rate of interest, from a Chinese bank to build a railroad, than the American government can, and especially compared to an American family borrowing US dollars from an American bank to buy a house.
China and the BRICS countries have built a new financial system. Their governments, their companies, their families—and now companies and governments in friendly countries—they borrow money for less than half what we do. Access to low-cost capital is what drives everything else—consumer spending, household formation, business investment in Research and Development, government infrastructure projects. We don’t have that access anymore.
Again, I'm for using the rest of the world's oil before we us ours, i.e. a strategic reserve in the ground but this seems the opposite of the Orange Village Idiot's promise.
Wall Street Cuts Oil Cash as Politics Cloud the Forecast
"Wall Street’s top players provided $73 billion in financing to oil, gas, and coal projects since the start of the year. This was down by 25% from the first seven months of 2024, with the decline most pronounced at Morgan Stanley. The bank lent 54% less to oil, gas, and coal companies this year than it did last year. JP Morgan, on the other hand, saw only a 7% decline in lending to oil and gas. Wells Fargo’s business with the energy industry declined by 17%."
My grand-kid got a Chromebook!?
Desks at a school in China
— Science girl (@gunsnrosesgirl3) August 2, 2025
pic.twitter.com/pKCzSpIIUh
The bad jobs report may really help Trump.
He gets to
Donald Trump fires US labour statistics boss after weak jobs report
