While the Media Spreads Gloom, Holiday Retail Sales Boom
December 27, 2018
Daniel Greenfield
Cold weather and the ongoing decline of big box chains couldn't slow down the Trump economy. The holiday retail season reflected raises, bonuses, tax cuts and a generally booming economy.
Holiday sales grew 5.1 percent this year to more than $850 billion, making it the best season in the last six years, according to data Mastercard released Wednesday. In addition, online sales jumped 19.1 percent compared to last year.
"Gas prices are low. People are benefiting from lower tax rates," said Steve Sadove, Mastercard senior advisor. "You have an environment where people are, bottom line, feeling good about their own personal financial situation and that’s been reflected."
https://www.frontpagemag.com/point/272374/while-media-spreads-gloom-holiday-retail-sales-daniel-greenfield
