Shameful about what's going on in the US. After there was biggest revision in NFP, job market is now looking very weak and the odds for US recession is now higher.

Given by the data from NFP, July would be the deadline to rate cut eventually. When you see the labor market is that weak, you can't just sit down, telling the press that economy was doing resilient while your data is unreliable. Shameful.

I also have discussed with a friend working in Truflation and somehow I'm very shock about what's happening in the BLS workspace. She said that BLS's data collecting system is way very outdated and haven't done any significant upgrade for the last 30 years!! Can you imagine a corporate which haven't updated their workflow in 30 years?? Very very shameful!

Team from Truflation does the calculation from 20 million data sample while until now, the BLS does the calculation from 18,000 data sample! See the gap here?? I can't just stop saying shameful.

This is the data that the FED is using to determine the economic policy. So that you know how is the quality of the FED's decision.

In the span of 10 years max, we won't see the FED exist!

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