Clicky

Consumer Confidence Misses As Americans Lose Some Economic Security...Media Pushes 'Second Wave'

July 28, 2020
2 Comments
Consumer Confidence Misses As Americans Lose Some Economic Security As Media Pushes 'Second Wave'

American consumer confidence softened in leading economic indicators released this morning. Housing showed continued strength; prices rose as city-dwellers flee to the suburbs to escape the virus, and Democrat violent policies.

Multiple social media and legacy media outlets were caught censoring positive news on the use of HCQ to combat the virus. This is a medical crime against Americans. There is no other way to say it.

The equity markets opened soft on poor earnings from McDonalds and 3M.

The next coronavirus relief package seems to have hit a snag in Congress and Democrats and Republicans can't agree on the terms. Dems want to give away the store and pay off friends, while the GOP wants to reduce incentives not to go back to work, while getting aid to those in need.

The Federal Reserve has extended its emergency lending programs until the end of the year.

S&P Case-Shiller Home Price Indices (YoY) (May) printed at 3.7% vs 4.0% consensus estimate.

Richmond Fed Manufacturing Index (Jul) printed at 10.

Consumer Confidence printed at 92.6 v 95 estimate.

SHARE THIS ARTICLE

Author

CD Media Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."

Leave a Reply

Your email address will not be published. Required fields are marked *

2 comments on “Consumer Confidence Misses As Americans Lose Some Economic Security...Media Pushes 'Second Wave'”

magnifier

Subscribe to our evening newsletter to stay informed during these challenging times!!