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Politics : Formerly About Advanced Micro Devices

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FJB
To: Wharf Rat who wrote (1158473)8/22/2019 10:29:38 AM
From: Sdgla1 Recommendation  Read Replies (2) of 1583413
 
You lie crackpot.

MAGAnomic Winning – U.S. Home Sales Stronger Than “Expected” – Stronger Q1 Wage Gains…
Posted on August 21, 2019by sundance
The Wall Street pundits are having a harder time pushing their recessionary economic narrative while the results from Main Street continue to beat expectations. Two data points continue to highlight the strength of Main Street: Home Sales and Wage Gains.



President Trump’s MAGAnomic policies are focused on delivering results to the middle-class worker and family. The middle-class American is the engine for a Main Street economy. Growing the middle-class is the key to strengthening the U.S. economy and blocking negative global economic influence. Growing the middle-class is how the U.S. economy continues to be self-sustaining. [We buy/use 80% of our own production.]

Today The National Association of Realtors released data showing existing home sales rose 2.5% to a seasonally adjusted annual rate of 5.42 million units in July. Forecasters only expected 5.39 million units. The U.S. Main Street housing market is very strong.

Because the results defy pundit expectation, Reuters has to ignore the strength of Main Street and put the Wall Street spin on the results. The efforts to keep pushing a negative economic narrative are intense :

WASHINGTON (Reuters) – U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve’s shift toward lower interest rates was supporting the economy.

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