Big Three Ignore Three MAJOR Economic News Items Over Two Days
Joseph Vazquez
September 17th, 2020 12:59 PM
Journalists can’t handle the truth. The Big Three excuses for evening news shows ignored three major pieces of economic news that happened between September 15 and September 16.
Median household income was “$68,703 in 2019, an increase of 6.8 percent from the 2018 median of $64,324,†according to the U.S. Census Bureau September 15. University of Michigan professor of economics and finance Mark J. Perry tweeted a day later that this “was the highest on record and about 10X the average increase of 0.72% since 1968.†Also, the official poverty rate in 2019 dipped to 10.5 percent, “the lowest rate observed since estimates were initially published in 1959,†according to the Bureau. [Emphasis added.]
Lastly, Bloomberg News reported September 16, that current homebuilder optimism “jumped five points from a month earlier to 83, beating estimates and hitting the highest level in 35 years of the survey, according to the National Association of Home Builders/Wells Fargo Market Index. It was 78 last month, which matched the previous record from 1998.â€
https://newsbusters.org/blogs/business/joseph-vazquez/2020/09/17/big-three-ignore-three-major-economic-news-items-over-two
