@CNBC@JeffCoxCNBCcom your Goldman sources are incorrect that the paychecks won’t go out. Government paychecks will go out on the 15th, but will be for pay through 9/30. The paycheck will only be missing 3 days of pay.
@mcuban That’s fine until you have a significant health issue or accident and are faced with mid six-figure bills as a self-pay patient versus max out of pocket with insurance of $5-15k.
@Biomaven@mcuban It's incredibly difficult to change any of the SOPs because of the fear of it appearing political in nature. Former Commissioner Groshen spoke about this in an interview yesterday. During my time there, every proposed change was heavily scrutinized to avoid perceptions of bias.
This is Trump's test balloon for firing Fed Chair Powell. The markets have barely moved on the news of this unconscionable firing of the BLS Commissioner.
Doesn't bode well for the strength of US econ data moving forward.
BTW if Trump wants a stronger economy, undermining the reliability of BLS is about as counter-productive as you can get.
This is basically the whole DOGE scam: misread a spreadsheet, make no effort to understand the actual purpose of the program, and proceed to torch it on twitter.
Rinse, wash, repeat.
@TRUmav I was told the largest residential management company in DC no longer allows investments or investment income to count toward lease income requirements. I had to get an exception made by the property manager to get approved for my lease. It’s ridiculous.
Warren Buffett who is currently the 7th richest person in the world worth $150,000,000,000.00 just sent out this letter explaining his thoughts on distributing his wealth after he passes away
A thread 🧵⬇️
So much misinformation going around about this. The “average price data” is different than the index data. Coffee is not being removed from the CPI basket of goods, they are merely discontinuing the publication of average price data for ground coffee.