CNBC- Americans have shown they are eager to shop, even during a recession and global health crisis, the National Retail Federation’s chief economist, Jack Kleinhenz, said Monday.
That could be a promising sign for retailers banking on holiday sales, he said.
“Strong growth in retail sales during the last few months points to the resiliency of consumers even in this disruptive pandemic environment,” Kleinhenz said in the November issue of the trade group’s Monthly Economic Review. “Taking in all the evidence available, the U.S. economic recovery has progressed more quickly than generally expected.”
Retail, the biggest driver of the U.S. economy, has bounced back in recent months — even as millions of Americans are out of work and cases of Covid-19 rise. Retail sales rose 1.9% in September, higher than economists surveyed by Dow Jones anticipated. Clothes and accessories jumped by 11%, while sporting goods, music and books grew 5.7%. more here
Now if we could only sell the leftist Communists the rope they need to hang themselves with we would be an even richer country (in more ways than one)!
But if they vote democrat, the storefronts all stay boarded up and everything goes to hell.
Duh!
Really? I’ve been hoarding money like Scrooge McDuck. I avoid going anywhere because seeing all the people with the masks and face shields makes me crazy.