Ray Dalio, a wealthy businessman, advocates for revamping the economic data calculations employed by the US government, sparked by disputes surrounding the Bureau of Labor Statistics (BLS).
Headline: Ray Dalio Criticizes US Economic Data Estimation Process, Calls for Reforms
Ray Dalio, the founder of Bridgewater Associates, has expressed concern over the outdated and error-prone nature of the US government's economic data estimation process, particularly targeting the Bureau of Labor Statistics (BLS) system for producing flawed and significantly revised employment data [1][2][5].
In a recent post on the social media platform X, Dalio criticized the process for making estimates at the BLS, stating that it is obsolete and prone to errors. He believes that big renovations are needed to the ways the government estimates the economy to make them more accurate [5].
The concern stems from a large downward revision to U.S. jobs data (May and June 2025 combined revision of 258,000 fewer jobs) [1][5]. If President Donald Trump fired the BLS Commissioner Erika McEntarfer purely for political reasons, Dalio expressed that it may be a "big problem" [1]. He encouraged Trump to make his thinking clear on the matter.
Dalio advocates for the government to rethink and overhaul how it collects and processes economic data. This would involve modernizing data gathering and statistical techniques to better reflect economic realities, aiming to achieve estimates that are more accurate and less prone to such large revisions [5]. These changes would help improve transparency, accuracy, and timeliness of economic measurements, boosting confidence among economists and investors.
Meanwhile, in other financial news, the Securities and Exchange Commission (SEC) Chair Paul Atkins announced clear digital asset regulations are incoming as the regulator kicks off a major pro-crypto initiative [3]. Goldman Sachs executive forecasts further US dollar decline, saying he's 'super bullish' on stocks [4].
In the crypto space, new Bitcoin staking protocols have witnessed a surge in GitHub activity, with Chainlink continuing to top the DeFi sector in development [6]. Solid launched on Fuse Network, bringing decentralized banking for the masses [7], while Dreamcash began rollout of its trading platform with Hyperliquid integration [8].
Elsewhere, Plume and Mercado Bitcoin announced plans to tokenize $500 million real-world assets, driving Real-World Asset (RWA) adoption across Latin America [9]. Little Pepe's memecoin presale reached $16,475,000, with stage nine now sold out [10]. BYDFi Card officially launched, bridging Web 3.0 assets and real-world spending [11].
[1] https://www.cnbc.com/2025/08/01/ray-dalio-criticizes-us-economic-data-estimation-process.html [2] https://www.bloomberg.com/news/articles/2025-08-01/dalio-says-bureau-of-labor-statistics-data-is-flawed-obsolete [3] https://www.reuters.com/article/us-usa-sec-crypto-idUSKBN25M2QA [4] https://www.wsj.com/articles/goldman-sachs-executive-forecasts-further-us-dollar-decline-says-hes-super-bullish-on-stocks-1163073201 [5] https://www.barrons.com/articles/dalio-calls-for-major-reforms-to-us-economic-data-system-51564708396 [6] https://cointelegraph.com/news/new-bitcoin-staking-protocol-witnesses-surge-in-github-activity-as-chainlink-continues-to-top-defi-sector-in-development [7] https://decrypt.co/83925/solid-launches-on-fuse-network-bringing-decentralized-banking-for-normies [8] https://www.coindesk.com/business/2025/08/05/dreamcash-begins-rollout-of-trading-platform-with-hyperliquid-integration-via-waitlist-access/ [9] https://www.coindesk.com/business/2025/08/07/plume-and-mercado-bitcoin-to-tokenize-500-million-real-world-assets-driving-rwa-adoption-across-latin-america/ [10] https://www.coindesk.com/markets/2025/08/06/little-pepe-memecoins-presale-reaches-16475000-with-stage-nine-now-sold-out/ [11] https://www.coindesk.com/business/2025/08/07/byd-fi-card-officially-launches-one-card-to-seamlessly-bridge-web-3-0-assets-and-real-world-spending/
- Ray Dalio, a renowned figure in the finance industry, criticized the US government's economic data estimation process, particularly advocating for changes at the Bureau of Labor Statistics (BLS), due to the system's obsolete and error-prone nature.
- Alongside Dalio's critique of the BLS, the Securities and Exchange Commission (SEC) Chair Paul Atkins announced the commission's plans for clear digital asset regulations, marking a significant step in the pro-crypto initiative.
- In the world of cryptocurrency, new Bitcoin staking protocols have seen increased activity on GitHub, and Chainlink continues to lead in the DeFi sector's development, while other projects like Solid, Dreamcash, and BYDFi Card have made significant strides in the space.
- Concurrently, Real-World Asset (RWA) adoption across Latin America is growing as companies like Plume and Mercado Bitcoin plan to tokenize $500 million in real-world assets, and memecoins like Little Pepe have garnered substantial investment from presales.
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