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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: chronicle who wrote (1165573)	9/22/2019 10:28:19 AM
From: Sdgla	2 Recommendations Recommended By FJB rdkflorida2 Respond to of 1575608

Your calls of a imminent recession have collapsed & you project your inabilities outward chump. Amid Too Much Good MAGAnomic Data, Bloomberg Cancels the Recession… Posted on September 21, 2019by sundance Last week U.S. economic data included the Labor Department’s report on initial filings for unemployment benefits, at historically low levels. Also last week, the Commerce Department reported the U.S. housing market (new homes and permits) was the strongest since 2007. Then came the Philadelphia Fed’s index of manufacturing business activity in September, more than doubling estimates as factories continue to expand. And if that wasn’t too much winning, the Commerce Department then announced August retail sales growth was double expectations. Main Street USA is very strong. None of the economic data supports the almost month-long ‘recession narrative’ pushed by financial pundits and media narrative engineers; and next week the second estimate of Q2 GDP growth will be released. Attempting to retain the smallest remaining whiff of credibility, the Bloomberg economists now announce they’re cancelling the recession. Yes, in a piece titled “ Hold That Recession – U.S. Indicators are Trouncing Forecasts“, Bloomberg admits the economy doesn’t match their gloomy narrative: ( Bloomberg) — The U.S. economy is outperforming expectations by the most this year, offering a fresh rebuttal to last month’s resurgent recession fears fueled by the trade war and a manufacturing slump. The Bloomberg Economic Surprise Index has reached an 11-month high after four indicators released Thursday, including existing home sales and jobless claims, each surpassed expectations.