Happy Days Are Here Again
Dear readers, I have some very pleasant statistics to report:
Cyber Monday’s online revenue topped 6.6 billion, making it the biggest shopping day in history. Black Friday online revenue was 5.5 billion. Even old fashion “brick and mortar” retailers enjoyed 137 million visitors over the Black Friday weekend, up 33% from 2015.
All of this reflects, of course, surging consumer confidence. In fact, the the Consumer Confidence Index (129) was the highest it’s been in SEVENTEEN years.
Fueling this confidence are handsome gains in Gross Domestic Production. The 3 quarter GDP rose a respectable 3.3% compared to the Obama economy average of 1.5 (yearly figures averaged from: “The Obama Economy In 10 Charts” posted on: money.cnn.com).
Also helping is a significant reduction in our monthly trade deficit, going from 48 billion in Jan 2017 to 42 billion in August 2017 and 43 billion in September 2017.
On top of that, investment in America’s corporations surged. The DOW broke records on SIXTY ONE DAYS this year, reaching its current record of 23,940.
Although, we still have areas to improve upon (salary growth continues to under perform, for example) compared to EIGHT YEARS of Obama economy, happy days are truly here again.
Americans, in this season of Thanksgiving, should offer a heart felt “Thank you President Trump”, because, without him, this simply would not have happened.