Flawed Job Reports, Bad Interest Rates

How Inept Deep-State Government

Apparently, Congressman Don Bacon has declared Nebraska is in recession and stated so on NPR. I have not found the link or actual presentation but I take issue with it.

Here are the problems. The Department of Government Efficiency (https://doge.gov/savings) only lists their most direct impact, but there is a cascade impact as other government entities cut back to look better under review. Yet, there appears to be no measure of the cascade impact but it clearly appears to be impacting the economic data.

If the data shows you gained 250,000 jobs in the private sector, but lost 60,000 government jobs, the total number of jobs gained comes out to be 190,000. What did government save by losing 60,000 government jobs is never factored in. This causes concern as to what value the monthly jobs report is.

At the same time, the Federal Reserve is a disaster on interest rates. This shows in certificates of deposit rates offered by so many financial institutions. The longer your deposit is left in, the higher the percentage earning should be, but for about the last year, it has been the opposite. Why invest for a year when investing for a month pays higher interest rate? This sort of inversion is why investments drop and distort the economy.