$Nasdaq Composite Index (.IXIC.US)$ I just saw this and this...
$Nasdaq Composite Index (.IXIC.US)$ I just saw this and this is going to rattle a lot of people when this news is digested tomorrow. for a period of one year all of the job claims that show the strength of the US economy and how well it's doing they've been completely rigged. for a period of 12 months everyone is being revised lower on Wednesday tomorrow and here it is in black and white. if this is not proof that the economic data that's being released by the government is filled with lies deception fraud to manipulate sentiment and market reactions I don't know what will. you cannot believe their statistics on unemployment you cannot believe their statistics on inflation because they can't even calculate their jobless claims on a monthly basis look at the error that is going to be revised tomorrow. the CEOs of business tell you how the economy is doing the government manipulates the data and tells you what they want you to think it's doing.
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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10baggerbamm OP : what would the market reaction have been if from January of this year all of these alleged beats showing how strong the job market is where that much weaker? remember technically q1 and Q2 of 2022 during the Biden Harris administration we had negative GDP for two quarters in a row that means there was a recession during their administration. but Janet yellen who heads up the treasury decided to move the goal post and change the definition that's been accepted in every economic class for 50 years. she now added that you can only have a recession with rising unemployment to very high levels. and this was done primarily so that Biden Harris would not be subjected to the fact that they had a recession during their administration. so now we see how bad the jobs Market really is how we could really is and what this would have done this is the data that chairman Powell craves and needs to make a decision he's dated dependent data dependent that's all we've heard at nauseam.. he should have been cutting rates probably in the first quarter of this year certainly in the second quarter. what this means is we're going off a cliff right now and they're going to lie about the data to try to control the spending habits of the consumers in the United States.