ANOTHER TRUMP BUMP
There may be lingering annoyance over the midterms elections, and the news media is in perpetual annoyance over President Trump. But the vigorous economy has put most folks in a very good mood.
“Shoppers are expected to spend $1 trillion this holiday season. Most customers, especially millennials, plan to spend more this year than they have in previous years. They’re confident in the economy and want to make big purchases,,” writes contributor Blake Morgan.
The trillion-dollar figure caps off a very good year. Retail sales have increased by a “healthy” 5.6 percent in the last year according to the National Retail Federation — which says this bump is a sign of “ongoing consumer strength which is consistent with the state of the U.S. economy” — and the “strong momentum” should continue. Meanwhile, consumer confidence is very evident. From Thanksgiving Day through Cyber Monday, the retail organization estimates that 164 million bustling Americans were shopping.
“Retail is a vibrant, dynamic and competitive industry, but one thing is certain — consumers are the