There is a time for everything. This is not the time to find reliable information about the markets and the economy even more difficult.
With a closure of the government, decisive reports, including one for jobs and unemployment, are simply not available. Before the shutdown, the Trump government had made it increasingly difficult for the public to receive solid official data on a large number of subjects.
President Trump released the head of the Bureau of Labor Statistics in August when he did not like the jobs that the agency published. Precise data is also scarce for a variety of other subjects, including deportations, contamination emissions and the costs of extreme storms.
The last thing we need now are further cuts in data.
But President Trump wants to lower another precious information fusion: the quarterly winning reports from publicly traded companies.
The President asked the Securities and Exchange Commission to eliminate the requirement that publicly traded companies report their profits every three months. And on Monday, Paul Atkins, the chairman of the agency, said that he would shift the president's request to move corporate America to a two -year report cycle instead of a quarterly cycle. Mr. Trump said that this “will save money and enable managers to concentrate on doing their companies properly.”
At another time this could be a reasonable idea. Why don't you try in the USA? After all, Great Britain and the European Union have already experimented without solving economic disasters.
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