Consumer confidence rebounded in May after five straight months of declines as President Trump dialed back his aggressive stance on tariffs against China. The latest index reading from the Conference Board was 98 in May, well above the 85.7 seen in April and the 87.1 economists had expected. The expectations index surged off its 13-year low seen in April, reaching 72.8 May, far above the 55.4 in the month prior. This marked the largest month-over-month increase for that metric since May 2009. read more
Globo-Homo bigly mad at Trump and continues to publish fake forecasts of gloom and doom. Meanwhile, the betting odds on a recession went from 70% to 30% and job openings continue to surprise 'experts'.
What the country needs now is for the Fed to stop their insanely high interest rates to combat non-existent inflation. Not only would it save the government hundreds of billions in interest, it will also help the real estate market.