Record sales
Retailers are reporting record sales on "Black Friday" reflecting both mall shopping and on-line shopping by consumers. Early reports indicate sales are up 27% or more over last year. "Cyber-Monday" (today) is also expected to set records. The largest component of the US economy is consumer spending. It sure appears that the Trump tax break and the overall level of consumer confidence is contributing to a record year. Or, as Harry will claim, is it only the "rich" and corporations spending money this year? Nope. Middle and lower class are doing all the spending. |
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