Consumer Confidence, GDP Rebound Slightly As Omicron Fears Seen As Hype

December 22, 2021

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GDP and Consumer Confidence beat expectations as consumers look to a brighter future, despite the fear porn the Biden administration and its globalist masters are pushing regarding the 'Omicron' dark winter, sickness and death.

The truth is, Omicron is a less deadly common cold that will lead America to herd immunity.

The surprise this morning in economic data released was the large drop in oil stocks.

Financial markets rebounded from the Biden Omicron hype.

America is recovering, except in Democrat-run areas.

MBA Mortgage Applications (Dec 17) printed a -0.6%.

Chicago Fed National Activity Index (Nov) printed at 0.37.

Core Personal Consumption Expenditures (QoQ) (Q3) printed at 4.6% vs 4.5%

Gross Domestic Product Annualized (Q3) printed at 2.3% vs 2.1% estimated.

Gross Domestic Product Price Index (Q3) 6% vs 5.9% estimated.

Personal Consumption Expenditures Prices (QoQ) (Q3) printed at 5.3%.

Consumer Confidence (Dec) printed at 115.8, above expectations.

Existing Home Sales (MoM) (Nov) printed at 6.46M vs 6.52M estimate.

Existing Home Sales Change (MoM) (Nov) printed at 1.9%.

EIA Crude Oil Stocks Change (Dec 17) printed at -4.715M vs -0.031M estimate.

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CDM 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."