Joe Fieldus

2600sc
  • Sep 13, 2019

The recession-hoping media pundits are sad - Retail sales twice as strong as predicted.

The Commerce Dept. announced that retail sales climbed by 0.4 percent in August, twice as high as the 0.2 percent analysts had predicted. The result highlights retail sales strength of more than 4 percent year-over-year. These excellent results come on the heels of blowout data in July, when households boosted purchases of cars and clothing.
 Sec. Wilbur Ross ✔@SecretaryRoss
A significant rise in retail sales for August signals continued growth in consumer spending. Further, the increase in auto dealer sales shows that the U.S. auto industry is still strong.  must pass  to ensure it continues to prosper.

Doesn’t look like middle-class America is overly concerned about the noise coming from the pundits. Likely that’s because wages are higher, inflation is lower, and consumer confidence is strong.  MAGAnomics is working.

Additionally, remember all those MSM hours and newspaper column inches where the professional financial pundits were claiming Trump’s tariffs were going to cause massive increases in prices of consumer goods?

Well, exactly the opposite is happening [BLS report] 

Posted on September 13, 2019 by