Posted on 09/22/2020 9:32:07 AM PDT by JV3MRC
The Big Three continue to prove themselves to be just obsessed with defeating President Donald Trump, rather than doing their jobs and reporting good news when it comes.
A shocking new Axios report hit yesterday with news that Wall Street is saying that “the recession is over,” and that economic forecasts are now “showing sustained economic growth through 2021 and beyond.” Moreover, U.S. economic activity is projected “to grow more sharply in the third quarter of this year than during any other quarter in history.” On top of this, Bloomberg News reported the same day that U.S. household net worth soared from $7.6 trillion to $119 trillion in the second quarter, surpassing its pre-pandemic peak. To put that into context, “[t]he gain was the largest in quarterly records back to 1952.”
For extra measure, the housing sector has experienced a “V-shaped rebound as record-low mortgage rates and pent-up demand bolster sales,” according to Bloomberg News. Remember, Bloomberg News is owned by the Democrats’ cash cow billionaire Michael Bloomberg.
The Big Three networks ABC World News Tonight, CBS Evening News and NBC Nightly News ignored reporting on any of the Axios report findings or the housing market news. CBS Evening News, in particular, instead chose to spend coverage pleading with viewers to be terrified of a Supreme Court “dominated by conservatives.”
(Excerpt) Read more at newsbusters.org ...
Damn it these are in kind contributions to the rats.
And I pity them. One Uber drive told me they had 3 jobs in CA and could not make ends meet, but was able to manage with Uber and a regular job no problem here. They came off as very conservative.
I wouldn’t get too cocky with respect to the economy.
How many people & businesses haven’t paid their rent/mortgage?
Tourism/hotels & restaurants, aviation/cruises, gyms & bars, entertainment, and numerous small businesses are in trouble.
And when Trump wins, the libs will do anything to destroy things further.
U.S. household net worth soared from $7.6 trillion to $119 trillion
I don’t see your point...
ISWYDT.....................
Yeah, it was a miscopy. The correct quote from the NB paragraph is: “On top of this, Bloomberg News reported the same day that U.S. household net worth soared $7.6 trillion to $119 trillion in the second quarter, surpassing its pre-pandemic peak. To put that into context, “[t]he gain was the largest in quarterly records back to 1952.” [Emphasis added.]
In AZ, unemployment dropped from 10% to 5% during August.
CORRECTION: The correct quote from the NB paragraph is: “On top of this, Bloomberg News reported the same day that U.S. household net worth soared $7.6 trillion to $119 trillion in the second quarter, surpassing its pre-pandemic peak. To put that into context, “[t]he gain was the largest in quarterly records back to 1952.” [Emphasis added.] Apologies for the miscopy.
The Marxists own the Democrat Party and the Democrat Party owns the media.
There’s a massive Refi boom going on right now.
That money is going to go into liquid investments, home remodels/improvements, additional investments into real estate, paying off consumer debt, purchases of vehicles and equipment... Bottom line, the economy of the next few years is likely to be red hot.
But, we need to get rid of the saboteurs of the world, those trying to stop the economy for the sake of politics via lockdowns over covid. Covid is the y2k of our times, but far more dangerous to free people.
Y2K never came to pass, it just gummed up the works for awhile, and prepared us for an endless round of fear and panic, like the one we’re in now. But the Covid Scamdemic has and had a whole other agenda, and has done incalculable harm, along with the fake Virtue Virus of the George Floyd death/murder.You know, the one that did probably TWOBILLION dollars worth of damage.
LOL!
“There’s got to be a decimal missing.”
No. Poor writing. Corrected in present article.
It was actually a miscopy from the original when I was formatting text to post here. Apologies for that. :-/
The Dems will continue to do all they can to crush small business so they can claim “only Wall St benefits from Trump recovery”.
Yup, that number simply doesn’t make any sense. I would have seen at least a 10 fold increase in my Vanguard accounts if this were true.
Apologies. That was a miscopy from the original article. :-/
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