in spite of, or perhaps because of all the negativity coming from the left the economy continues to go great guns. [1]
American consumers regained their mojo in March, pushing the University of Michigan’s consumer sentiment up to 98.4 from February’s 93.8.
Economists had expected the final read to match the preliminary reading for March of 97.8.
And in case you’re going to make the argument that it was only the rich that saw games? Nothing could be further from the truth.
The March gain was entirely due to households with incomes in the bottom two-thirds of the income distribution, according to the survey’s chief economist Richard Curtin.
Sentiment among households in the top third of incomes fell slightly.
“Middle and lower income households more frequently reported income gains than last month, although income gains were still widespread among upper income households. Indeed, the last time a larger proportion of households reported income gains was in 1966,” Curtin said.
Now of course there are people on the left who will question why I’m quoting this from Breitbart. The answer is rather simple. The supposedly reputable mainstream media won’t report this.
Doesn’t anybody wonder why?