Amid Too Much Good MAGAnomic Data, Bloomberg Cancels the Recession… | The Last Refuge

Last week U.S. economic data included the Labor Department’s report on initial filings for unemployment benefits, at historically low levels. Also last week, the Commerce Department reported the U.S. housing market (new homes and permits) was the strongest since 2007. Then came the Philadelphia Fed’s index of manufacturing business activity in September, more than doubling estimates as factories continue to expand.  And if that wasn’t too much winning, the Commerce Department then announced August retail sales growth was double expectations.  Main Street USA is very strong.

Source: Amid Too Much Good MAGAnomic Data, Bloomberg Cancels the Recession… | The Last Refuge