Tag: Consumer spending

Border Adjustment Tax DOA as Retailers and Traders Celebrate Victory

07/27/2017

Republicans have officially given up on trying to pass a border adjustment tax to even the playing field with our trading partners. The Retail Industry Leaders Association celebrated the news and said they are now ready to get on-board with the President’s tax reform. The retail sector, and stock traders, won a significant victory Thursday […]

Janet Yellen Testimony Economy Strong Enough For Rate Hikes

07/12/2017

The US economy is healthy enough to absorb gradual rate increases and the reduction of the Federal Reserve’s balance sheet, Fed Chair Janet Yellen testimony before Congress on July 12, 2017. Federal Reserve Chair Janet Yellen told Congress on Wednesday that the bank hopes to keep raising a key interest rate and also intends to […]

Low Gas Prices Are Not Good For Consumers or the US Economy

07/2/2017

Low gas prices are not good for consumers or the US economy. Remember back in late 2015 and early 2016 when oil prices fell which pushed down the price of gas? We had headlines in the MSM that lower oil prices were a big boost to consumers and so consumer spending was going to rise. […]

Economic Growth Up On GDP Revision From Consumer Spending

06/29/2017

GDP for Q1 was revised upward to 1.4% on an increase in consumer spending. The US economy enters its ninth year of economic growth in July. The first GDP estimate for Q1 was originally reported at 0.7%. So Q1 GDP grew at twice the rate as originally thought. That’s great. Obviously 1.4% growth is not […]

Mainstream Media Hyping Gasoline Savings Again

08/15/2016

I just can’t get behind the idea that consumers are saving so much money at the pump that it’s going to be a boom for consumer spending. Savings at the pump boosting consumer spending is the same claim that the mainstream financial media has made for the last two years. The Wall Street Journal writes… […]