Consumer Confidence Rises To A Near 18-Year High

Americans’ consumer confidence rose in August to the highest level in almost 18 years as their assessment of current conditions improved further and their expectations about the future rebounded.

If the MSM covers this at all, they’ll claim it’s a delayed reaction from the Obama “economic recovery.” Democrats would rather see the economy fail and people die than see President Trump succeed.

Free Beacon:

Consumer confidence in the United States rose in August to the highest level in almost 20 years, according to new data from the Conference Board.

The Conference Board consumer confidence index reached 133.4, the highest mark since late 2000, the Hill reports.

Optimism about the economy also increased.

“Expectations, which had declined in June and July, bounced back in August and continue to suggest solid economic growth for the remainder of 2018,” said Lynn Franco, director of economic indicators at the Conference Board. Franco added that high confidence in the economy should fuel continued consumer spending in the short-term. More

Strategic Resource Group Managing Director Burt Flickinger on the outlook for retail in America.

Fox Business:

The overall economy, as measured by the gross domestic product, grew at a 4.1 percent rate in the April-June quarter, the best performance since 2014. That estimate will be revised Wednesday. Many economists believe growth has slowed a bit in the current quarter to around 3 percent but will remain far ahead of the weak 2.2 percent GDP growth rate in the first quarter.

“Confidence is soaring to new heights which makes us bullish on growth and forecasts that this expansion may indeed shatter records for longevity next summer,” said Chris Rupkey, chief financial economist at MUFG Union Bank in New York. More

It’s odd how the MSM and the Dems are doing their best to try and wreck that. It’s almost as if their Globalist agenda is more important than the well being of Americans.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Do NOT follow this link or you will be banned from the site!

Send this to a friend