The doom-and-gloom crowd might want to check their numbers again. Post-Thanksgiving retail figures came in hot, completely contradicting the pessimistic forecasts that dominated headlines just weeks ago.
Kevin Hassett, serving as the White House's chief economist, pointed out what the data already screams: consumer spending remains resilient despite all the recession chatter. Black Friday and Cyber Monday numbers crushed expectations across multiple sectors.
This isn't just about holiday shopping—it's a broader signal about economic fundamentals. When wallets open this freely, it reflects confidence that extends beyond retail into investment markets. The disconnect between media narratives and actual consumer behavior keeps widening.
Maybe it's time to trust data over predictions.
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MoonlightGamer
· 20h ago
Oh, the data is right here, yet some people still insist on being pessimistic, it's truly unbelievable.
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VitalikFanAccount
· 20h ago
I said it, a bunch of pessimists should have looked at the actual data by now. The retail numbers are right there, and the slap in the face comes just that fast.
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HypotheticalLiquidator
· 20h ago
The data may look good, but what about the leverage positions behind this wave of consumption? Is no one concerned?
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DefiVeteran
· 20h ago
The media sings doom and gloom every day, but the consumption data hits back hard, it's hilarious.
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rugpull_ptsd
· 20h ago
The data has slapped the media in the face, and now a bunch of pessimists are feeling awkward.
The doom-and-gloom crowd might want to check their numbers again. Post-Thanksgiving retail figures came in hot, completely contradicting the pessimistic forecasts that dominated headlines just weeks ago.
Kevin Hassett, serving as the White House's chief economist, pointed out what the data already screams: consumer spending remains resilient despite all the recession chatter. Black Friday and Cyber Monday numbers crushed expectations across multiple sectors.
This isn't just about holiday shopping—it's a broader signal about economic fundamentals. When wallets open this freely, it reflects confidence that extends beyond retail into investment markets. The disconnect between media narratives and actual consumer behavior keeps widening.
Maybe it's time to trust data over predictions.