One might fairly say that Orange Julius Caesar has had a year, nearly, of riding on Obambi's economic coattails. So, here's what briefing.com had to say just now (8:33 am):
Just in, personal income climbed 0.3% in November (Briefing.com consensus +0.4%) following an unrevised increase of 0.4% in October. Meanwhile, personal spending rose 0.6% in November (Briefing.com consensus +0.4%), up from a revised increase of 0.2% in October (from 0.3%).
The PCE Price Index increased 0.2% in November (Briefing.com consensus +0.3%), while the core PCE Price Index, which excludes food and energy, increased 0.1% (Briefing.com consensus +0.1%). Year-over-year, the core PCE Price Index is up 1.5%.
November durable goods orders increased 1.3%, which is worse than the 2.1% increase expected by the Briefing.com consensus. The prior month's reading was revised to -0.4% from -1.2%. Excluding transportation, durable orders decreased 0.1% (Briefing.com consensus +0.4%) to follow the prior month's revised increase of 1.3% (from 0.4%).
So, giving away the Damn Gummint's tax money to the billionaires will surely cause the economy to rocket. Won't it????
Dat slope, it be slippery when dares nuttin but greased kiddie slide betwixt youself and dat Pit. And dat Pendulum, it do be swingin. Best keep yo neck out de way.
Or as the Wicked Witch of The West put it: "I'm melting!!"