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| Economy |
| Strong U.S. retail sales ease gloom over economy |
| 2019-08-16 |
| WASHINGTON (Reuters) - U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, helping to assuage financial market fears that the economy was heading into recession. The upbeat report from the Commerce Department on Thursday, however, will likely not change expectations that the Federal Reserve will cut interest rates again next month as news from the manufacturing sector remains dour, underscoring the darkening outlook for the economy against the backdrop of trade tensions and slowing growth overseas. President Donald Trump cheered the strong retail sales data, which came a day after a key part of the U.S. Treasury yield curve inverted for the first time since June 2007 and triggered a stock market sell-off. An inverted Treasury yield curve is historically a reliable predictor of looming recessions. |
| Posted by:Besoeker |
| #7 Thanks TW. I actually found that site but was looking for one where I already had an account. |
| Posted by: jpal 2019-08-16 21:41 |
| #6 Here, jpal. It’s listed on Smashwords. |
| Posted by: trailing wife 2019-08-16 18:44 |
| #5 Speaking of retail sales anyone know where I can find this book Amazon is currently sold out. |
| Posted by: jpal 2019-08-16 14:19 |
| #4 Dems trying to set the narrative and spin against Trump biggest accomplishment. The voting public can see through this, as evident by their continued spending. |
| Posted by: 49 Pan 2019-08-16 11:26 |
| #3 The MSM's problem is that Trump's economy has been boosted by Trump's reforms, especially cutting taxes (internal tariffs) funded by raised (external) tariffs. |
| Posted by: Bright Pebbles 2019-08-16 09:48 |
| #2 The communists know a robust economy will easily take the Orange Man over the line in 2020. |
| Posted by: Besoeker 2019-08-16 08:40 |
| #1 If one listened to the Democrat controlled media one would believe we are headed for a depression. Lying Bastids. |
| Posted by: Deacon Blues 2019-08-16 08:32 |