March 29, 2017

Consumers on Trump: Winning

The media and the left may still be apoplectic about a Trump presidency, but consumers seem to be quite happy with the trajectory of a Trump presidency otherwise you would not see this;
Consumer confidence surged to a new 16-year high in March, fueled by strong job and wage growth, lofty stock prices and cheap gasoline.

An index of Americans' perceptions of the economy and labor market jumped to 125.6 – highest since December 2000 -- from an upwardly revised 116.1 in February, the Conference Board said Tuesday. Economists expected a dip to 114, according to a Bloomberg survey.

”Consumers feel current economic conditions have improved over the recent period, and their renewed optimism suggests the possibility of some upside to the prospects for economic growth in the coming months,” said Lynn Franco, the Conference Board’s director of economic indicators.

Consumer confidence is closely watched because it can foreshadow household spending, which makes up about 70% of economic activity.
Consumer Confidence is higher than any time since almost a year before 9/11.  The liberal left will of course want to derail that as anything potentially indicative of Trump momentum is anathema to their world view and to their political agenda. 

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