Supply-Side Economics

[whell]

Originally Posted by donquixote99

Immaterial. We were talking about you. Don't evade and divert.

No, we were talking about the impact of the implementation of supply side theory on the economy in this thread. Talking about me is an attempt to evade and divert. Please try to keep up.

Now, back on topic:

Strong retail sales report suggests robust economic growth in the second quarter

U.S. retail sales rose solidly in June, boosted by increases in purchases of motor vehicles and a range of other goods, cementing expectations for robust economic growth in the second quarter.

In addition to the solid retail sales data, a sharp narrowing of the trade deficit in April and May has also bolstered expectations of a strong GDP reading in the second quarter. The government will publish its snapshot of second-quarter GDP later this month.

Consumer spending is being driven by a tightening labor market, which is steadily pushing up wages. Consumption is also being supported by tax cuts and savings.

Yup, things appear to be rolling along quite nicely.