Welcome back to Squawkbox. We are in Aspen, Colorado this morning with two former Treasury Secretaries uh who are uh the co-chairs of the Aspen Economic Group. Good morning to you.Hank Pollson is here. Tim Gner is here. Uh we just spoke to the president.Lots of questions about where our economy is today, what's going on with the tariffs, how you think about all this geopolitically, treasuries and everything. Um geopolitics, China. So I want to get to as much of this as we can.I just want to start though wit ...

We are live this morning uh in Aspen at the Aspen Economic Strategy Group and joining us right now is the group's director, Melissa Carney. She has been the director for seven years. Thank you for waking up early this morning. Uh no bears just yet. We were looking for bears cuz it's a little dark here. Uh she's also a professor of economics at the University of Notre Dame. Um here's where we're going to start the conversation because this is an evidence-based group. There's a lot of economists here, former ...

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These numbers are put together by teams of literally hundreds of people following detailed procedures that are in manuals. This is the stuff of democracies giving way to authoritarianism. >> This is the action of a petulant child.Like you give me bad news, I fire the messenger. When he's trying to weaponize the Bureau of Labor Statistics, that tells you a lot about their uh insecurity about the economy. The commissioner doesn't see the numbers for until Wednesday before they're published. By the time the co ...

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RT Ray Dalio (@RayDalio)I probably would have fired the head of the Bureau of Labor Statistics too.That's because its process for making estimates is obviously obsolete and error-prone, and there is no good plan in the works for fixing it. The huge revisions in Friday’s employment numbers are symptomatic of this, especially because the revisions brought the numbers toward private estimates that were in fact much better. I assure you that this is something that I know a lot about because of how I use data to ...

Economic Data & Trust - Concerns arise regarding the potential manipulation of economic data by government leaders, drawing parallels to situations in Greece, China, and Argentina where data fudging led to negative market consequences [3][4] - The integrity of economic statistics and the rule of law are crucial for maintaining foreign investment and business confidence in the United States [6][16] - A strong, independent civil service is essential for producing reliable economic data, a factor that has historically distinguished the US from other countries [6][7] Political Influence & Data Revision - Revisions to economic numbers are a normal occurrence across different presidential administrations [1] - Accusations of rigged numbers, particularly concerning pre-election job reports, are demonstrably false, as the report prior to the election was notably poor [12][13][18] - The politicization of economic data undermines confidence in the US economy and its institutions [15][16] Market Impact & Investor Confidence - Economists express fears that manipulating economic data could lead the US towards instability similar to Latin American countries [5] - Distorting economic data can trigger a revolt from world markets, as seen in Argentina [4] - If businesses and investors lose faith in the accuracy of US economic data and the rule of law, it could negatively impact investment decisions [7] Media & Disinformation - The media is criticized for allowing false statements regarding economic data to go unchallenged [17][18] - The spread of disinformation about economic numbers can mislead the public and erode trust in institutions [19] Job Market Analysis - The job report prior to the November election showed an increase of only 12,000 jobs, indicating a weak job market [13] - The disconnect between reported economic conditions and how people are "feeling it" (experiencing the economy) is a key issue [9]

The Irish government’s new budget plan risks overheating the economy, according to the country’s central bank governor. https://t.co/Ik1KhAexeE ...

The euro-area economy is weathering geopolitical challenges, ECB Governing Council member Christodoulos Patsalides says https://t.co/VARG3pTYmm ...

Buffalo has some of the country's snowiest winters, its beloved Bills have yet to win a Super Bowl and the economy has yet to fully rebound. Yet former residents keep returning, buying up high-end homes and giving the luxury market a jolt. https://t.co/BaUUXZHAzt ...