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Consumer confidence is the highest its been in nearly 20 years. And yet, a recent MRC analysis showed that liberal media networks only gave President Donald Trump’s economy less than one percent coverage on their evening newscasts over a period of 100 days.
Bloomberg News reported Jan. 16 that “U.S. consumer confidence advanced last week to the highest level in more than 19 years” [emphasis added]. Also, The Wall Street Journal reported on Jan. 14 that “A healthy U.S. economy pushed up profits at America’s biggest banks, allowing them to grow even though falling interest rates made lending less profitable.” JPMorgan Chase and Citigroup were propelled to double-digit earnings growth in the final three months of 2019. “JPMorgan, the biggest U.S. bank by assets, reported its most profitable year on record,” [emphasis added] according to The Journal.
Year - Record - Doom - Media - Recession
Most profitable year on record? That’s quite an assessment considering we were headed for economic doom, if you listened to the liberal media brouhaha about a recession in recent months.
JPMorgan Chief Financial Officer Jennifer Piepzak told The Journal that “‘The U.S. consumer remains in very strong shape, both from a credit perspective and spending sentiment,’” [emphasis added].
Peipzak - Something - Bloomberg - News - Reporting
It appears Peipzak may have been on to something. Bloomberg News attributed its reporting on astronomical consumer confidence levels to “increased optimism about the economy, personal finances and the buying climate” [emphasis added].
Bloomberg News also provided great news on consumer comfort levels:
Bloomberg - Index - Consumer - Comfort - Week
“Bloomberg’s index of consumer comfort rose to 66 in the week ended Jan. 12, the best reading since October 2000, from 65.1, according...
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