“A Merrier Christmas?”… “New President, Same Great Depression 2.0?”
A Merrier Christmas? A few weeks ago, Target Stores suggested that it would be a weak holiday shopping season. It may be that judgment was premature according to economist Brian Wesbury who offers a one-page analysis of how October personal income rose at a rate twice that expected auguring for a Merrier Christmas than many had hoped for.
He writes that “strong income gains heading into the holiday season give consumers something to be thankful for. Personal income rose 0.6% in October and is up 5.3% in the past year.” Check out what this means for the holidays and beyond. Might be a green Christmas for retailers!
New President….Same Great Depression 2.0 ? ITR has for many years forecast a Great Depression beginning around 2030 and has never wavered from it because of the outcome of an election. Will the most recent election change their prediction? ITR Economics’ Taylor St. Germain offers a 2030s Depression Forecast Following the Election.
