Keeping America Great -- November 30, 2019

I could be wrong, but it was my perception that the mainstream media was suggesting this would be a flat Black Friday.  This was the banner on Drudge Report for almost two full days, but as soon as the numbers came in, this banner was dropped and replaced by a non-story. Wow, everyone's a nayayer.

But not to be.

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Recession Is Just Around The Corner

From another source; google phrases if you want to find source:

Don't throw in the towel on the U.S. economy just yet.

Black Friday sales are the latest sign that the U.S. consumer, which makes up about 70 percent of the economy, is alive and well.

"All this talk of recession, and you know I thought that was ridiculous talk, it's not going to happen," Mohamed El-Erian, chief economic adviser at Allianz Global Investors, told FOX Business’ Maria Bartiromo on Monday. "The U.S. consumer is in a really good place and the U.S. consumer is the main driver of this economy."

Spending figures from the Black Friday weekend showed online shoppers spent a record $7.4 billion, almost as much as the $7.9 billion they spent during last year's Cyber Monday. That’s in addition to the $4.2 billion they spent online on Thanksgiving Day, which was 14.5 percent higher than last year's spending.

So let's take a look.

Link here.

From the linked story:

This year's Black Friday was the biggest ever for online sales, as fewer people hit the stores and shoppers rang up $7.4 billion in transactions from their phones, computers and tablets.

That's just behind the $7.9 billion haul of last year's Cyber Monday, which holds the one-day record for online sales, according to Adobe Analytics. Adobe measures sales at 80 of the top 100 U.S. online retailers.

So, now, on to Cyber Monday.