TRUMP EFFECT: RECORD HOLIDAY SALES NEAR $600 BILLION; Spending Pace Not Seen Since Great Recession

[Steve_McGarrett]

Aren't we blessed to have Tump as our record breaking victorious president? Why yes we are. He is doing a phenomenal job compared to his Constitutional ineligible predecessor, the Muslim usurper. He is working miracles right and left in order to make America great again. God is truly with him, not the pedophile prophet Muhammad.

TRUMP EFFECT: RECORD HOLIDAY SALES NEAR $600 BILLION; Expert: Spending Pace Not Seen Since Great Recession

 

[nat4900]

Citing gateway pundit.....again????

Kremlin-linked network amplifies 'alt-right' media - USA Today
https://www.usatoday.com/story/news/world/...russian-propaganda.../598258001/

Aug 24, 2017 - The websites — which include True Pundit, the Gateway Pundit and Imperialist U — are regular features on the list of “Top Domains” pushed by a network of 600 Twitter accounts followed by the German Marshall Fund of the United States, which tracks a Russian disinformation and propaganda campaign

 

[jc456]

Obummer waited nine years to do something good, he left

 

[Slyhunter]

Citing gateway pundit.....again????

Kremlin-linked network amplifies 'alt-right' media - USA Today
https://www.usatoday.com/story/news/world/...russian-propaganda.../598258001/

Aug 24, 2017 - The websites — which include True Pundit, the Gateway Pundit and Imperialist U — are regular features on the list of “Top Domains” pushed by a network of 600 Twitter accounts followed by the German Marshall Fund of the United States, which tracks a Russian disinformation and propaganda campaign

Would you prefer CBS news?
Retail rebound: 2017 holiday sales reach $598 billion

 

[nat4900]

Would you prefer CBS news?
Retail rebound: 2017 holiday sales reach $598 billion

DID CBS allocate ALL the credit to the orange buffoon as Gateway did????
Just asking...............LOL

 

[Slyhunter]

Would you prefer CBS news?
Retail rebound: 2017 holiday sales reach $598 billion

DID CBS allocate ALL the credit to the orange buffoon as Gateway did????
Just asking...............LOL

Now you are moving the goal post.
Any sitting President would take credit.

 

[Hossfly]

Would you prefer CBS news?
Retail rebound: 2017 holiday sales reach $598 billion

DID CBS allocate ALL the credit to the orange buffoon as Gateway did????
Just asking...............LOL

No, they credited the Magic Kenyan for being the brilliant guiding force behind the retail industry during 2017. Trump's fingerprints weren't found.

 

[nat4900]

Now you are moving the goal post.
Any sitting President would take credit.

So,Trump is taking credit???.....or is gateway Pundit.....the Russian mouthpiece giving him credit?????

I'd like to know......LOL

 

[leftwinger]

Citing gateway pundit.....again????

Kremlin-linked network amplifies 'alt-right' media - USA Today
https://www.usatoday.com/story/news/world/...russian-propaganda.../598258001/

Aug 24, 2017 - The websites — which include True Pundit, the Gateway Pundit and Imperialist U — are regular features on the list of “Top Domains” pushed by a network of 600 Twitter accounts followed by the German Marshall Fund of the United States, which tracks a Russian disinformation and propaganda campaign

You guys always do that. attack the source, beg for links, say it ain't so. Then when it is proven true (almost always) off you run to another thread to try your game all over again. Pathetic.

 

[Slyhunter]

Now you are moving the goal post.
Any sitting President would take credit.

So,Trump is taking credit???.....or is gateway Pundit.....the Russian mouthpiece giving him credit?????

I'd like to know......LOL

Either way, I think Trump deserves credit.

 

[Steve_McGarrett]

Now you are moving the goal post.
Any sitting President would take credit.

So,Trump is taking credit???.....or is gateway Pundit.....the Russian mouthpiece giving him credit?????

I'd like to know......LOL

Gateway Pundit is an ethical truthful news source and a prestigious member of the White House Press Pool. They don't have reporters who fabricate false documents like Dan Rather did in an effort to sabotage a presidential election.

 

[Snouter]

President Trump is making all normal Americans feel optimistic about the future! He is stopping the flow of low IQ, third world savages, he is bringing domestic savages to justice, and is supporting Western values and the great history of America despite being shackled with angry Blacks for hundreds of years. Hopefully Crooked Hillary and Obama will get locked up for attacking our democracy with the coordinated coup attempt with the Crooked Hillary/Obama FBI and Crooked Hillary/OBama fake news MSM.

 

[TomParks]

Hail Trump

 

[nat4900]

You guys always do that. attack the source, beg for links, say it ain't so. Then when it is proven true (almost always) off you run to another thread to try your game all over again. Pathetic.

No, no OldYellow.........I'd readily take the opposition media...as long as it is legitimate.....BUT, a few of these mostly bloggers who rehash stories from Russian TV, are NOT acceptable; they're just propaganda arms to feed your half brain what that half brain WANTS to hear..

 

[jc456]

Now you are moving the goal post.
Any sitting President would take credit.

So,Trump is taking credit???.....or is gateway Pundit.....the Russian mouthpiece giving him credit?????

I'd like to know......LOL

Either way, I think Trump deserves credit.

No, thank obummer for leaving. he was finally successful after he left. I mean he failed us for eight years, he leaves and baddaboom. Ask every libturd

 

[dcbl]

just under $600 Billion

the Trump effect is real; people are spending more money. Why?

Because they have more money and they are more confident about the future

BONUS - with the tax cuts, things are likely to get better!

So much for a "blue tidal wave" sweeping the nation in 2018

people tend to vote their pocketbook & most people have a fatter wallet now that we are Making America Great Again!

Retail rebound: 2017 holiday sales reach $598 billion

“This is literally the best season since before the recession,” business owner Craig Johnson said. Johnson’s company, Customer Growth Partners, analyzes all things retail. He credits low unemployment and a booming stock market for this humbug-free holiday season.


“The single biggest drive of retail sales is growth in real disposable income,” he said. “And when real income goes up, people have money in their pocket and they’re able to spend it.”

 

[AquaAthena]

 

[SmokeALib]

Which holiday is the article referring to?

 

[AquaAthena]

More info from a different link:

Retailers Feel Shoppers’ Christmas Cheer

Which holiday is the article referring to?

Sales, excluding automobiles, rose 4.9% from Nov. 1 through Christmas Eve, compared with a 3.7% gain in the same period last year, according to the Mastercard Inc. MA -0.14% unit, which tracks all forms of payment. E-commerce continued to drive the gains, rising 18.1%

 

[Moonglow]

just under $600 Billion

the Trump effect is real; people are spending more money. Why?

Because they have more money and they are more confident about the future

BONUS - with the tax cuts, things are likely to get better!

So much for a "blue tidal wave" sweeping the nation in 2018

people tend to vote their pocketbook & most people have a fatter wallet now that we are Making America Great Again!

Retail rebound: 2017 holiday sales reach $598 billion

“This is literally the best season since before the recession,” business owner Craig Johnson said. Johnson’s company, Customer Growth Partners, analyzes all things retail. He credits low unemployment and a booming stock market for this humbug-free holiday season.


“The single biggest drive of retail sales is growth in real disposable income,” he said. “And when real income goes up, people have money in their pocket and they’re able to spend it.”

Debt is also higher...Thank you Trump! Winning!!!
Total Household Debt Increases, Delinquency Rates of Several Debt Types Continue Rising
Transitions to Delinquency Show Persistent Increases for Auto and Credit Card Debt; Auto Loan Delinquency Rates Especially Problematic for Subprime Auto Finance Loans
November 14, 2017
NEW YORK – The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which reported that total household debt increased by $116 billion (0.9%) to $12.96 trillion in the third quarter of 2017. There were increases in mortgage, student, auto and credit card debt (increasing by 0.6%, 1.0%, 1.9% and 3.1% respectively) and a modest decline in home equity lines of credit (HELOC) balances (decreasing by 0.9%). The Report is based on data from the New York Fed's Consumer Credit Panel, a nationally representative sample of individual- and household-level debt and credit records drawn from anonymized Equifax credit data.

Credit card and auto loan flows into delinquency increased. Specifically, credit card flows into delinquency have increased over the past year, while auto loan flows into delinquency have been steadily increasing for several years. Also notable, auto loan originations were at $150.6 billion, up slightly from the previous quarter, marking the second highest level in more than a decade. The New York Fed also issued an accompanying blog post which examines the changes in the auto loan market in terms of originations and performance by lender type.

“Delinquency flows across several debt types climbed this quarter, including for auto loans,” said Wilbert van der Klaauw, senior vice president at the New York Fed. “Examining the auto loan market more closely revealed notable differences between auto finance and auto bank lenders. Delinquency rates among auto finance lenders are considerably higher and rising, especially for subprime borrowers, in part reflecting differences in underwriting standards.”

The Report includes a one-page summary of key takeaways and their supporting data points. Overarching trends from the Report’s summary include:

Housing Debt

• Mortgage balances and originations increased, and the median credit scores of borrowers for new mortgages increased slightly.
• The share of mortgage balances that were 90 or more days delinquent continued to improve, printing at 1.4% in the third quarter, down from 1.7% at the beginning of 2017, and substantially improved from the 8.9% high reached in 2010.

Non-Housing Debt

• Auto loan balances continued their steady rise seen since 2011 and originations increased. Median credit scores of borrowers for the new loans increased slightly.
• Credit card balances increased and flows into delinquency have increased over the past year.
• Outstanding student loan balances saw a small increase of $13 billion (increasing by 1.0%), while delinquency flows declined slightly. Student loan delinquency flows remain at a high level.

Bankruptcies & Delinquencies Overall

• Aggregate delinquency rates ticked up slightly, from 4.8% to 4.9%.
• Bankruptcy notations decreased.
• Foreclosures reached a new historical low, as 69,580 individuals had a new foreclosure notation added to their credit reports in the third quarter of 2017.
• Flows into delinquency deteriorated somewhat—with auto loans and credit card debt seeing persistent increases.

Household Debt and Credit Developments as of Q3 2017

CATEGORY QUARTERLY CHANGE* ANNUAL CHANGE** TOTAL AS OF Q3 2017
MORTGAGE DEBT (+) $52 BILLION


(+) $393 BILLION $8.74 TRILLION
HOME EQUITY LINE OF CREDIT (-) $4 BILLION (-) $24 BILLION $448 BILLION
STUDENT LOAN DEBT (+) $13 BILLION (+) $78 BILLION


$1.36 TRILLION


AUTO LOAN DEBT (+) $23 BILLION (+) $78 BILLION $1.21 TRILLION
CREDIT CARD DEBT (+) $24 BILLION (+) $61 BILLION $808 BILLION
TOTAL DEBT (+) $116 BILLION (+) $605 BILLION $12.96 TRILLION
*Change from Q2 2017 to Q3 2017

**Change from Q3 2016 to Q3 2017

Flow into Serious Delinquency (90 days or more delinquent)


CATEGORY1 Q2 2017 Q3 2017
MORTGAGE DEBT 1.2%


1.2%
HOME EQUITY LINE OF CREDIT 0.9% 0.9%
STUDENT LOAN DEBT2 9.7% 9.6%
AUTO LOAN DEBT 2.3% 2.4%
CREDIT CARD DEBT 4.4% 4.6%
ALL 2.4% 2.4%
previous report, delinquency rates for student loans are likely to understate effective delinquency rates because about half of these loans are currently in deferment, in grace periods or in forbearance and therefore temporarily not in the repayment cycle. This implies that among loans in the repayment cycle delinquency rates are roughly twice as high.

Household Debt and Credit Report »


Total Household Debt Increases, Delinquency Rates of Several Debt Types Continue Rising - FEDERAL RESERVE BANK of NEW YORK