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Wednesday, May 12, 2021

There are “Booms” in the US’ Housing, Retail and Auto Industries

#US #economy #housing #auto #retail

Larry Kudlow, the head of the National Economic Council, says the economy is having “booms” in housing, retail and autos that are fueling a “self-sustaining V-shaped recovery.

In an interview last Wednesday, Mr. Kudlow heralded the indicators showing the economic bounce.

The main thing right now is not only are the virus numbers going down but the economy is producing tremendous numbers,” he said. “It is a self-sustaining V-shaped recovery.”

We have got housing booms, retail booms, auto booms,” he declared. 

The President has got a whole series of tax cuts … deregulatory … that’ll provide a lot of torque to the economy,” he added, noting President Trump has “drawn a very strong Red line compared to the other team.”

But “any tax changes or forgiveness of the payroll tax deferral would require congressional approval,” he said. “So far they have not done it.”

Have a healthy week, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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