Posted 22 November 2019 - 02:23 PM
U.S. consumer sentiment unexpectedly rose in November, according to data released Friday by the University of Michigan. The universitys index of consumer sentiment climbed to 96.8 from 95.5 last month. The numbers dont mean anything. The trend is whats important here.
Economists polled by Dow Jones expected consumer sentiment to dip, meaning they expected you to be less excited about consuming, less excited about engaging in commerce. The Dow Jones experts thought that you would be depressed and down in the dumps because of impeachment. Instead, consumer sentiment is way up. In fact, it has continued its second best streak in history. People 45 and under have huge expectations, economic expectations for next year.
In other words, people are looking forward with eager anticipation to the future economically. No wonder it doesnt get reported. U.S. manufacturing hit a seven-month high and a 10-month high in output. Now, these are releases of economic news that no longer get reported, no longer get covered, no longer get explained because they all are traditional indications of the success of a presidency because they indicate the economic vitality of a country.
And so this good economic news is being ignored and suppressed by the media as though it doesnt even exist.