Hello, fellow, rebel capital, so I wanted to go over an idea or maybe make a statement

or I really want to get you guys thinking. That's what this video is all about. So I wanted to make

that statement. We will never have a recession again. Why am I saying that?

Because I gave it some thought yesterday and last night.

And I started to do some research and I found the number one thing that determines whether

or not we are officially in a recession is the NBER and their analysis of the labor

market. But you guys know from watching my videos and just not living under a rock that Donald

Trump has fired the gal that was in charge of the data.

Now, you may say that's the greatest thing ever.

Now, she was definitely incompetent.

But moving forward, whether you like Trump or hate Trump, you have to admit he's going to put in

someone that has the incentive, let's say, to make sure the numbers are seen through rose-colored

glasses. Now, does that mean that Donald Trump will tell the yes man or yes gal to cook the books to the extent to where

if we had negative non-farm, if we really did have negative non-farm payrolls, that they would

lie about it and say that we don't, they would manipulate the numbers, they would quote-unquote

rig the numbers. I don't know. I don't know. I'll let you be the judge.

But to think that we would have Donald Trump replace this gal with someone that would then come out the very next month and publish, let's just say, a negative non-farm payroll,

I see that as very unlikely, regardless of what the data actually is.

So if we go over to NBER, let's switch up the screen share,

I just hopped on their webpage.

I'm like, well, how do they actually determine this?

So they call it business cycle dating. Okay. You guys can see from this chart, they've got unemployment. There's the first thing they lead with, unemployment rate in

...