The BLS Has Been Cooking Jobs the Numbers for a Long Time

Published on August 8, 2025

President Donald Trump made headlines when he fired Bureau of Labor Statistics Commissioner Erika McEntarfer after a particularly bad July jobs report, calling it rigged.

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Volatility’s Vanishing Act

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Volatility across major asset classes is currently sitting at unusually low levels. While volatility is often viewed as a broad measure of risk in financial markets, its role has evolved significantly in recent years.

Still Special?

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The United States has been on a remarkable run: exceptional growth and innovation, multiple structural advantages, and the financial market dominance to match.