Consumer Confidence Is Empowering the U.S. Economy

The doomsday forecast of the Left may be disparaging to many Americans, but it is also a total falsehood. America is not on the brink of disaster with President Trump at the helm. New data this week reveals quite the opposite for a revitalized U.S. economy as consumer confidence rises again.

America is in the throes of a four-month high in consumer confidence. The outlook for well-paying jobs and the overall economy are all positive, according to data from the New York-based Conference Board.

Bloomberg, not exactly an arch-conservative organization, reports that “with unemployment near a 16-year low and U.S. stocks reaching record highs, consumers remain upbeat, which should continue to support the household spending that accounts for about 70 percent of U.S. gross domestic product.”

The report will never reach most mainstream media readers and listeners. They are too busy finding Russians under every bed in Washington. This is not the sort of information that feeds into their daily message of doom and gloom.

The truth is that the respondents scored “good” for business conditions, which rose to their highest level since 2001. Most people expect conditions to improve over the next six months and the labor differential to widen. That being those saying jobs are plentiful minus the share saying they’re hard to get. In the latest survey it widened to 16.1 percentage points, the most since August 2001.

The confidence index rose to 121.1 (est. 116.5) from a revised 117.3 in June. Present conditions measure rose to 147.8, a 16-year high, from 143.9. The gauge of consumer expectations for the next six months gained to 103.3 from 99.

It was welcome news for American business, employees, consumers and Wall Street. In fact, accelerated wage gains and positive fiscal projections “could propel confidence further in coming months,” according to Bloomberg.

consumer confidence.
Consumer confidence rises again.

Hot this week

Did David Wineland and Serge Haroche Steal Idea For The Nobel Physics Prize?

Dr. Omerbashich says the Royal Swedish Academy is a Crime Scene and he has the proof that Nobel laureates stole his discovery.

New Approaches to Disaster Relief Challenges

Disaster relief has always been a challenge. NASA, Google,...

3 Legitimate Money Making Methods to Supplement Your Income

In a perfect world, when your landlord raises your...

2016 Predictions by World Renowned Medium and Psychic Lindy Baker

World renowned medium and psychic Lindy Baker is interviewed by The Hollywood Sentinel, discussing psychic power, the spirit world, life after death, areas of concern in 2016, and much more.

Digital Coupon Customers Spending More Than Double At Stores

A new study shows that customers who use digital coupons go shopping more for groceries and other household goods more often and spend more on their shopping trips.

TigerData and Listo Join Omri Hurwitz’s Immense Portfolio

In a move that further solidifies Omri Hurwitz Media...

From Timescale to TigerData: Signals a Bold Future for PostgreSQL

TigerData, the new name for Timescale, has officially unveiled...

Protest to Stop “King Trump” and ICE from deporting Murderer Child Rapists

On June 14th, in MacDonald Park, Queens, the usual...

USAID Official, Three Executives Plead Guilty to Fraud

USAID official Roderick Watson and three company executives pled...

Truth, Justice, and the Price of Peace: A Letter to Humanity From a Tired Citizen of Earth

What is the price of peace when your heart is breaking - not from rockets or protests or flags or chants but when people stop listening.

Don’t Let’s Go To The Dogs Tonight – a South African Memoir

The war began in 1964. Don’t Let’s Go to the Dogs Tonight is set in the summer of ‘79, just before an election, with white minority rule under threat.

Related Articles

Popular Categories