Consumer spending comes back ‘with a vengeance’ in May: Morning Brief

Consumer spending comes back ‘with a vengeance’ in May: Morning Brief

Wednesday, June 17, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET.  Subscribe Retail sales show why stimulus works Retail sales data in May showed consumers snapped back in a big way after a record drop in April. Last month, retail sales jumped 17.7% following a […]
Why a 10% plunge in spending is good news: Morning Brief

Why a 10% plunge in spending is good news: Morning Brief

Thursday, May 14, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Slower declines are the new gains When activity collapses in an economic crisis, before you can talk about a recovery you must first slow the...
The new taxes coming to finance all that stimulus spending

The new taxes coming to finance all that stimulus spending

During the last two months, Congress has passed $3.6 trillion in stimulus spending, with more probably on the way. Washington’s annual deficit was likely to be around $1 trillion before the COVID-19 pandemic induced a recession. The deficit will now hit at least $3.7...