Spending vs Jan 1

Data Point – Consumer Purchasing off the cliff

70% of the American economy is consumer driven.  With Government shutting it down (e.g., Ben Franklin’s saying again!), we can see how fast consumers shut their wallets (even those that still have jobs). The paper relies on data from a nonprofit “fintech” company that helps people save, and the researchers had access to (anonymized) data … Read more

GOP elephant

Data Point – Approval for Republicans > Democrats in Congress?

More Americans approve of the job congressional Republicans are doing than of congressional Democrats’ performance — 40% vs. 35%. The rating for Republicans in Congress has risen six percentage points since late October, before the impeachment of President Donald Trump in the U.S. House of Representatives. Over the same period, congressional Democrats’ approval rating has … Read more

Trump smiling

Data Point: Poll – Trump vs Democrat Prez Wannabees

This was done yesterday morning; wonder what it would be if taken now? By a 52% to 48% margin, Trump is leading the generic “Democrat” in the race when voters were asked “Who do you think will win,” a significant margin for a president who just beat back impeachment to stay in office. The latest … Read more

Data Point – Once again, Government is the largest problem

According to Gallup, Government is considered to be the #1 problem as reported by Americans – for 5 of the last 6 years: Over the course of the year, Gallup asks survey respondents this open-ended question: “What do you think is the most important problem facing this country today?” WASHINGTON, D.C. — For the third … Read more

Data Point: Homebuilder confidence jumps to highest level in 20 years

Builder confidence in the newly built, single-family home market jumped 5 points in December to 76, the highest reading since June 1999. Current sales conditions rose 7 points to 84, sales expectations in the next six months rose 1 point to 79 and buyer traffic increased 4 points to 58. Regionally, on a three-month moving … Read more

US vs China trade war

Data Point – I would say that it looks like China is losing the trade war

First point: U.S. trade deficit falls 7.6% in October to 16-month low on decline in Chinese imports. (12/5/19) Second point: US – China Trade War: Chinese Exports To US Fall 23% Amid Tensions Between Washington, Beijing. (12/10/19) Third point: Chinese official says Beijing wants US trade deal ASAP. (12/10/19) Fourth Point:  Firms Withdraw From China … Read more

Data Point – Trump now ahead of Obama (first term polling)?

“It is not clear whether Trump is aware he has had a Real Clear Politics higher average approval rating than Obama for the past three days.” September 18: Trump 44.3 percent vs. Obama 43.9 percent September 17: Trump 44 percent vs. Obama 43.8 percent September 16: Trump 44.1 percent vs. Obama 43.9 percent September 15: … Read more

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