Wednesday, December 26, 2018

Christmas sales up!


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The first report about Christmas sales is good:  

Total U.S. retail sales, excluding automobiles, rose 5.1% between Nov. 1 and Dec. 24 from a year earlier, according to Mastercard SpendingPulse, which tracks both online and in-store spending with all forms of payment. 

Overall, U.S. consumers spent over $850 billion this holiday season, according to Mastercard.

The figures suggest a stock-market swoon and partial government shutdown haven’t curbed consumer confidence and spending. 

This is a good report and more evidence that the "crisis" narrative is not correct.


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