The quality of US INFLATION data continues to deteriorate. Over 30% of the prices in the CPI are now ESTIMATES made by the BLS staff. https://t.co/pvcPH9hQHo
Reminder, inflation is total bullshit lies to justify not raising interest rates https://t.co/aCtpvn86wY
The goal of the US government is to steal as much of your wealth/production as possible without you rioting. Lying about inflation is just a step in the process. https://t.co/CM8lsZDWta
A recent poll of 100 economists reveals that nearly 90% express concern about the quality of official U.S. economic data, with 41% describing their concern as very high. Additionally, over two-thirds of economists surveyed are worried about the impact that the quality of U.S. statistics could have on Federal Reserve policymaking. Experts and reports, including from Reuters, indicate that authorities are not acting with sufficient urgency to address these concerns. Criticism has also been directed at the Bureau of Labor Statistics (BLS), with claims that inflation data and other economic indicators, such as the Personal Savings Rate and historic home price data, are being manipulated or inaccurately reported. It is noted that over 30% of prices in the Consumer Price Index (CPI) are now estimates made by BLS staff, raising questions about data reliability. Some commentators suggest that this data manipulation aims to suppress interest rate increases and artificially inflate asset prices, potentially benefiting established political and economic interests at the expense of the broader population.