Wait a minute….. Are Financial Analysts/Media Playing Games With Holiday Growth Rate of Consumer Spending?…

Here’s a weird question.  I’ve been looking at this all day.  Something sketchy is afoot.  I waited specifically for CBS to report so that I could share an exact comparison.

In 2017 total holiday sales were reported as follows:

2017 CBS – […] They had a lot of company across the country. Total retail sales this holiday season added up to a record $598 billion dollars — up $33 billion from last year. (link)

In 2018 total holiday sales were reported as follows:

2018 WSJ and CBS – […]  Overall, U.S. consumers spent over $850 billion this holiday season, according to Mastercard. The figures suggest a stock-market swoon and partial government shutdown haven’t curbed consumer confidence and spending. (link)

See the issue?..

In all 2017 financial media reports $598 billion was the holiday spending total.  And in all of 2018 financial media reports $850 billion was the total holiday spending.

That’s a difference of $252 billion more spent in 2018.  An increase of 42%.

A forty-two percent increase !!

Now, you might say it’s simply a difference in the media source.  However, CBS is cited specifically to avoid this possible disparity.

Additionally, the exact same analyst is quoted in both years:

2017 – “”This is literally the best season since before the recession,” business owner Craig Johnson said. “Johnson’s company, Customer Growth Partners, analyzes all things retail. He credits low unemployment and a booming stock market for this humbug-free holiday season.

“The single biggest drive of retail sales is growth in real disposable income,” he said. “And when real income goes up, people have money in their pocket and they’re able to spend it.” (link to 2017 analysis)

-AND in 2018-

2018– ““Wall Street is running around like a chicken with its head cut off, while Mr. and Mrs. Main Street are happy with their jobs, enjoying their best wage increases in a decade,” said Craig Johnson, president of Customer Growth Partners, a retail research and consulting firm. A recent drop in gas prices has helped last-minute spending, he said.”  (link to 2018 analysis – and additional citation via identical CBS)

If $598 billion was spent in 2017; and $850 billion was spent in 2018; that means this years holiday shopping increase was truthfully, factually, and actually a jaw-dropping 42% !!

Now….

Why would the overall media, and specifically the Wall Street focused financial media, downplay results that reflected a stunning 42% increase in consumer spending?

Could the institutional bias be that overt?

Then again…. perhaps the underlying truth explains this:

(LINK)

Do you realize the scale of this?

 

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This entry was posted in Donald Trump, Economy, media bias, President Trump, Uncategorized, US Treasury, USA. Bookmark the permalink.

298 Responses to Wait a minute….. Are Financial Analysts/Media Playing Games With Holiday Growth Rate of Consumer Spending?…

  1. “HOW-BOUT-THAT-DOW !!!”—>1,006.61 INCREASE !!!
    Put that in your Pipe and Smoke It–>FED Chair Jerome Powell !!
    MAGA 🙂
    Sorry, I’m a Dallas Cowboy fan & Jerry Jones always says : “How Bout Them Cowboys !”

    Liked by 1 person

    • rrick says:

      A median average of the last 12 years of the Fed suggests that the current actions of the Fed is that the chairman should be shot.

      Unless one believes in coincidence. In that case, the Chairman should be shot.

      Liked by 12 people

      • Nothing like the REAL thing to come into the gap and BLOW the FED out of the water!!! My take…I cannot wait when the VERY BIG BANKS are roped off (by OUR VSG) and they start going by-by due to the derivatives on the books!!!

        2019 is going to be the break-out year for the Trump Economy…Wonder if the FED realizes that the money that was borrowed by the BIG BANKS is the CITIZENS of The United States of America money? Too be a fly-on-the-wall when SELF-REALIZATION strikes!!!

        Like

    • Kokanee says:

      Stories with the $850 billion are harder to find today.

      Like

      • That’s because, as I suspected earlier, and discussed with Flep, that the “fudged” GDP numbers, the MSM, Fed, Cabal, and some high powered backers (Soros. Steyer, Bloomberg) are CONSPIRING to make the US economy crash and go into recession by late 2019 to damage Trump’s reelection bids.

        They don’t give a DAMN what happens to we the people, after all we are just sheep, cattle, and serfs to them. If we lose big they don’t care, in fact they are COUNTING on it, hoping we abandon Trump.

        They either fudge, delay, misrepresent, edit, don’t report at all, or flat out LIE about ANY good economic news in particular, and ANY good news for the country in general. Any correction is posted days late and in small print in the back half of the papers, or in a small 10 second blurb AFTER the sports on local news.

        It is ALL designed. They are trying to CRASH the record US economy. they can’t beat legitimately Trump at the ballot box, the microphone, twitter, in the courts, foreign policy, or economically. So, they do what they ALWAYS have done, lie, cheat, obfuscate, deny, and delay. The ONLY difference now is that Trump is a FIGHTER, and he will not take a dive.

        He has pulled off ALL their masks revealing their true selves and ideologies to all of us. Some of us have always suspected, some of us never even dreamed it was this way. Now we ALL know. Some of us are vindicated, some are awakened and shocked by what they see, some are still in denial, and a very small % will NEVER be convinced as they are too far brainwashed to see the truth staring them in the face.

        Those of you who STILL think that it’s all a “conspiracy” had better WAKE UP. Trump has given us a chance to get our country back as it was founded. It is probably our LAST chance. If they are able to beat Trump before he finishes exposing “the game” to all, we the people, this greatest country that man has EVER seen, will be finished and on the way to decline, and destruction.

        I, as a labeled “conspiracy nut” ask you ALL but to do ONE thing. Question EVERYTHING you see or hear in the next few weeks and months. Do not assume, take it for granted, or rely on ANYONE else to tell you, find out for YOURSELF. Research, question, resource, talk it out amongst like minded people.

        If something just doesn’t smell or feel right, it probably isn’t. Human intuition is a very powerful tool if you will but listen to it. That little voice saying “that isn’t right, it doesn’t make sense, and I don’t believe it” is there for a REASON.

        The forces that Trump and US are up against are vast, powerful, ruthless, cruel, and heartless. They will NEVER stop unless they are THROUGHLY beaten. By ANY means necessary is their creed. Deceit their tool, and subterfuge their nature. Be vigilant, listen carefully, pay attention to the SMALL things. They Devil is in the details, and they lie SOOOO much that they CANNOT keep it all straight, We just need to WATCH, they will reveal their true natures, it just takes time. They count on people being lazy or having short attention spans.

        Trump will do ALL he can to “out” them all, we just need to help him throw them all out or in jail or worse. He needs us badly. remember folks all he has endured for US for $1. He is a far more righteous man than me.

        Liked by 7 people

        • Orville R. Bacher says:

          The more people that conclude that the MSM LIES, that it is their character, that they have a dog in the fight, the more the MSM becomes irrelevant. In a perverse way, they are poisoning themselves.
          “The sky is falling, the sky is falling”- they must have missed this story in Journalism school.

          Liked by 1 person

          • They just want POWER. They twist themselves into verbal knots to try and defend anything Globalist, dem, Cabal, and to demean anything nationalist, Trumpian or GOOD for US and the country. It is PAINFUL to watch. It would be pure comedy gold if it weren’t so serious and sad. It is a shame that we don’t have any REAL comedians like Monty Python used to be anymore. They would make a fortune off lampooning this MSM, it would be CLASSIC. I miss Benny Hill, the original SNL, and the Flying Circus. Sigh.

            Liked by 1 person

        • PVCDroid says:

          Great comments from prog. It’s ridiculous watching Fox and CNBC trying to scare everyone and appease the left…Trump and Mnuchin. You can tell they aren’t even believing what they are being told to say. I hope Soros is in on this and trying to short the market like he has everywhere else. And I hope he loses big.

          Liked by 2 people

          • PVCDroid says:

            Trump and Mnuchin mostly to blame that is.

            Like

          • Trump and Minuchin are BUSINESS men. They know EXACTLY what games are afoot, and HOW to stop them. (POTUS:”it might be a good time to BUY”…BOOM).

            IMHO it is a Soros plot, he did it in Hungary, Poland, and tried it in Russia. Coincidentally Soros is WANTED in ALL those countries for his crimes.

            I personally hope Trump wraps him up with a bow and delivers him to Vlad as a belated Christmas present. I’m sure old Vlad would be willing to give us something in return. (Soros is WANTED DEAD in Russia). Why we continue to give this bastard air to breathe here is beyond my comprehension. My hope is that Trump has plans for ol Georgie, and it will happen soon.

            Liked by 5 people

        • sturmudgeon says:

          Prog:: Wonderful Post! Thanks a bunch! He, also, is a far more righteous man than I.
          May he and his family remain safe and undaunted in their war against evil.

          Like

      • Kokanee says:

        Of course they could have yugely under reported 2017 and instead of $598 billion it could have been $806 billion. That would be a 5.1% increase from last year. The “largest in 6 years” claim still can’t be explained.

        Like

        • Kokanee says:

          None of these numbers make sense:
          – Best holiday season in 6 years
          – 5.1% increase over last year
          – $850 billion 2018 Holiday sales

          Liked by 1 person

          • Kokanee says:

            Found lots of articles about analysts predicting $1.10 Trillion Holiday sales… so $850 billion is not out of line… so that makes 5.1% increase and best in 6 years impossible.

            Like

          • Joshua2415 says:

            The $850 billion is a number from Mastercard for TOTAL US consumer spending in November and December. Not sure if things like charging a tank full of gas or a cart full of groceries counts as “Holiday Spending” Probably apples and oranges.

            Like

    • Hebo Sabe says:

      ~50% of US GDP is internal consumption of the middle class. ~20% from the upper class. Thus ~70% or greater of the US GDP is internalized and not export $$$.

      A globalized Wall Street has now been decoupled from Main Street.

      Liked by 1 person

      • irish19 says:

        This actually happened a while ago. I remember some broker or analyst crowing about it as if it were a good thing.

        Like

        • G. Combs says:

          It IS a good thing!

          Why the ‘Local Multiplier Effect’ Always Counts

          “The Local Multiplier Effect (LME) is a very valuable, hidden feature of our economies. The term refers to how many times dollars are recirculated within a local economy before leaving through the purchase of an import….

          A Hypothetical Example

          Imagine a hypothetical influx of money, say one million dollars, entering a local economy. Now imagine these dollars are spent on local goods and services. Imagine that each of the local vendors who earned those dollars then re-spends that money on more local goods and services. Envision this cycle happening several times before this money is finally spent on imports – goods or services from outside the region.

          In this case, those one million dollars recirculating eight times would act much like eight million dollars by increasing revenue and income opportunities for local producers….”

          Liked by 1 person

  2. Franklin says:

    This is what amazes me about statistical data. Numbers are not fact checked. There are also too many different reporting sources.

    “Total retail sales this holiday season added up to a record $598 billion dollars — up $33 billion from last year.”

    “By all accounts it was a strong holiday season [2017]. Retail sales over November and December grew by 5.5% to $691.1 billion last year, above the forecasted growth rate of 3.6-4%, reports the NRF, which also noted that this was the largest annual increase since the 5.2% rate posted after the recession in 2010.”

    What is 100 billion!!

    https://www.marketingcharts.com/featured-81315

    Liked by 3 people

    • G. Combs says:

      According to my Hubby’s newspaper family (fifth generation) the ONLY news that you can GUARANTEE is correct is the sports scores. (Your really don’t want to get in dutch with the Mafia bookies. 😂)

      Liked by 3 people

  3. HB says:

    2600 dollars for every man, woman, and child. I’m not believing this. My family of 5 spent about 1000. I think we should take this with a grain of salt. There’ll be time to get excited later if it’s true.

    Perhaps 850B takes in all spent money for the last month? Car and house payments, presents, food etc.?

    Liked by 1 person

    • ggmppv says:

      The $2600 isn’t just Christmas presents, it’s all “consumer spending” – food, gas, presents, etc. everything except fixed bills like mortgage, electricity etc. But the bigger question is what is the definition of “holiday season”. I believe it includes the weeks before Christmas and then the 12 days after – but I have no idea because I cant find the definition anywhere. So if it’s $2600 spent by each person over 3-4 weeks, then that’s sort of plausible ?? But if “season” includes all of the advent period up to mid Jan, then we’re talking about 5-6 weeks, and in that case I can definitely see $2600 being plausible. Does anyone know what “season” means ?

      Like

      • ggmppv says:

        But if “Season” means the 2 weeks before and after only, then no way is $2600 plausible.

        Like

      • Alan D McIntire says:

        My guess is that the Christmas Season starts the day after Thanksgiving. In November 1939 Franklin Roosevelt moved the date of Thanksgiving to the fourth Thursday of November rather than the LAST Thursday of November, hoping to increase holiday spending.

        https://en.wikipedia.org/wiki/Franksgiving

        Like

      • beatriz824 says:

        if the sales include business purchases, it could easily be that number, for example, lots of contractors make year end purchases for tax write off purposes….now especially with 100% dedudctibility

        Like

        • gawntrail says:

          ^^THIS^^

          100% tax deductibility is the key. Businesses are spending what they can deduct in 2018. Not poopooing the growth or the impact of the good news, It just explains the big number per capita.

          Any growth is good growth. Especially in the face of the constant anti-Trumpism and the overarching anti-America Firstism we are experiencing from out ‘betters’.

          I would like to see a graph on Sundance’s estimate of where we are on the Main St vs Wall St convergence. We obviously were on paths that were separating, and, now we are on paths that are headed to an intersection. It would be interesting to see this for the time period we estimate the ‘Globalist goals’ were made more important with regards to economic strategy and practice.

          Liked by 1 person

    • Louis Genevie says:

      Lots of Mercedes would count for a lot. It’s not just purchasing specifically to put the goods under the tree.

      Like

  4. David A says:

    Yes I noticed the disconnect as well. The 2017 link stated…
    ” Total retail sales this holiday season added up to a record $598 billion dollars — up $33 billion from last year.

    “This is literally the best season since before the recession,”

    However I saw no definition of how the 598 billion was derived.
    Yet the best season since BEFORE the recession. Are we talking before 2008?

    That would mean 2017 was the best holiday retail sales in ten years! It would also make the 2018 W.S.J. link very illogical when it states…
    ” Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years, according to early data.”

    If 2017 was the best since the recession, and 2018 smashed 2017, then I fail to see how it was ONLY THE BEST IN SIX YEARS.

    What year were they talking about?

    Like

    • JoAnn Leichliter says:

      A lot of “economists” tell us that the “Great Recession” ended several years ago. Personally, I could never detect enough real improvement to justify that idea. I always thought it was essentially pro-Obama propaganda.

      Liked by 1 person

      • rrick says:

        In my professional career I have known neurosurgeons, nuclear physicists, astronauts, NASA test pilots, and CPAs, among others. Hands down it is the learned CPAs that are as dumb as a box of rocks. It must be something about statistics which so hinders the intellect.

        Like

        • G. Combs says:

          Statistics =/= Accounting.

          Accounting is just arithmetic. Statistics you have to be able to do square roots and know when to use what type of statistics. I always hated 6 Sigma because they never went into when to use a hammer, when to use a screw driver and when to use a wrench. (Different tools in the statistics tool box)

          And that is just the EASY statistics. You get into Design of Experiments and it really gets hairy.

          Statistics when used correctly is a very powerful tool. It is only since calculaters and computers that we have beed able to take full advantage of that tool. Doing tons of square roots by hand as I started out doing is a royal PITA!

          Liked by 2 people

          • G. Combs says:

            (Too bad I never learned to spell and poof reed!)
            calculaters = calculators
            beed = been

            Oh, and my training is chemistry not statistics. I just used statistics a lot.

            Like

          • notfaded1 says:

            Have you ever heard the saying… “Liars figure and figures lie” ?

            Like

            • CoinSteward says:

              Yep. My best boss ever made that statement on multiple occasions and he was one of the best analytical statisticians I have known. This was back before there were computers on every desk. The things he did on paper scare most folks trying it on a computer today. He was one amazing guy to watch present his findings. I am also a chemist by training.

              Liked by 1 person

            • jhynds says:

              “Statistics are like a bikini. What they reveal is suggestive, but what they conceal is vital” … – Aaron Levenstein
              (“And some people just use them to lie” – Me)

              Liked by 1 person

            • rrick says:

              Until I foolishly lent it to an irresponsible person I possessed a thick book titled, Statistics and Lies. I will leave you to figure what it was about.

              Liked by 1 person

          • rrick says:

            That’s funny. When starting out I did Sq roots by hand. And in a former life I was a chemist, having made good on my degree in chemistry. Thank God those days are far behind me.

            Like

        • PVCDroid says:

          What do CPA’s have to do with this article? Those that want to keep you out of trouble are dumb as a bunch of rocks?

          Like

          • rrick says:

            I was simply giving my anecdotal observation.

            Like

          • rrick says:

            If it makes you feel any better, I knew a wonderful chap who had just earned his doctorate in physics. His skills outside of his narrow field were woefully unsatisfactory in every department. But he was a nice fellow yet so eager to please any other person that it seemed stiff and contrived.

            We all wore pocket protectors so it wasn’t like that was a give away. Looking back, it surely was in his case. You might say that was the height of fashion.

            If the show don’t fit, don’t wear it. Do ya hear what I’m saying?

            Like

      • rrick says:

        And now the local talisman (Orange County, CA), even interviewed by Sharyl Attkisson, is saying we’re already in a new recession.

        I’ve been reading this guy for the last several years. Suffice to say he is full of horse snot.

        Liked by 1 person

      • Spot on Jo Ann! Every lousy economic figure was hidden or lauded under BHO. Every GREAT economic figure under Trump is hidden or deadpanned. All to prop up the most pathetic anti American DUNCE of a President we EVER had BHO.

        Someone, I can’t remember who, did a side by side comparison of what Obama did and what Trump did both foreign policy and economic policy. The one for Trump BLOWS away BHO, if it were a little league ball came, it would have been called with no outs in the first do to “runs” it was THAT big a beatdown.

        Trump is a MASTER at economics with 40 plus years business success to back it up. Obama was an “community organizer” economic DUMBASS with NO business experience, and a phony affirmative action degree from Harvard law to prop up his “acumen”. I know which one I would trust with my $$…and it ain’t BHO.

        Liked by 2 people

    • Anon says:

      It says biggest “increase” in 6 years, not biggest absolute number

      Like

    • rrick says:

      2 + 2 = 5

      Like

  5. ichicinnabar says:

    Sundance,

    Yes. It is that overt.

    They coordinated to put out the 5.1 figure to hide the real 42% figure. Anyone who can do arithmatic can see it is 42% over last year.

    My wife told me right away 5.1 was wrong, if sales were 850 billion. She also predicts that 2019 Christmas sales will be a trillion.

    Keep pounding on the two economies until it breaks though into the public consciousness.

    In this segment I kept wanting to shout at those pundits, “There are 2 economies. Don’t you get it! The stock market doesn’t drive middle class spending.”

    Keep up the good work, Sundance.

    Ichi

    Liked by 6 people

    • rrick says:

      That’s the thing, the enemdia is relying on math being a weak point among the majority of the people. Simply mentioning ‘math’ or portraying real gains in a statistical format is an automatic turnoff for most people.

      Say, if you wanted most of your audience to tune out for a bit, wouldn’t you say, Now we’re going to show you a graph…. A graph which 1) most people would not pay attention to; 2) a graph which relies on statistics which A) most people abhor.

      Its as if you went to commercial in the middle of a Hail Mary pass of the opposing team. You would have presented Real Information (TM) in such a way to cause most people to head for the kitchen during the commercial break.

      Hey! you presented it, can’t blame you that no one listened. Right?

      Like

      • Will Hunt says:

        I am wary of any math-based, statistically derived answers, conclusions, etc. unless its on an engineering drawing/calculation where I can trace back the assumptions and the definitions are well known and accepted. In statistical economics – just show me the conclusion and I’ll tell you how to get there.

        Like

    • rrick says:

      On the other hand, you and your wonderful wife are to be commended. It is you two who get it. Now go forth and bring the good news to others so they may be won over, that their eyes shall be opened.

      Like

  6. SD,
    Excellent points…When I pulled up the news reports for 2017, I note that actual figures are not in the articles I found (see link below). So we can’t actually compare the time period used for both years to understand the differences. Additional searches showed various “projections” of spending, which don’t answer the question either. I didn’t link the multiple articles for periods 2016-2018 predicting holiday spending of $1T.

    It almost makes one wonder if the lack of transparency is deliberate. /s

    As Mark Twain said, lies, damn lies and statistics 🙂

    https://www.pymnts.com/news/retail/2017/mastercards-spendingpulse-retails-holly-jolly-christmas/
    http://fortune.com/2017/12/26/holiday-sales-report-mastercard/
    https://www.digitalcommerce360.com/2017/12/27/early-data-shows-online-sales-grew-18-2017-holiday-shopping-season/

    The USA Today article below quotes the PROJECTED sales for 2017 at $678-$682B. With that base the 2018 figure of $850B is STILL 25% over 2017. The USAT article shows growth rate trends back to 2008 fwiw.

    https://www.usatoday.com/story/money/2017/12/26/u-s-retail-holiday-sales-jump-4-9-biggest-increase-since-2011/981464001/

    Liked by 2 people

  7. Wai cheah says:

    Stock market has bottom.

    Like

  8. anthony earl says:

    sundance, do you have the data for the previous years before Trump for a better visual?

    Like

    • rrick says:

      Sir, I question if that is even necessary. Do you not have ears to hear and eyes to see? Is it that you wish to put a finer point upon the evidence? The evidence is clear, it is the media are none but the public relations arm of the communists. The media (enemedia) are set against and in direct opposition of any and all advances made under the Trump administration.

      The ‘visual’ is well in focus. The enemedia seek to disparage President Trump.

      Liked by 8 people

    • See my links above for prior years

      Like

  9. rrick says:

    ‘institutional bias’? You mean like grass is green, rice is white, water is wet? Naw, it couldn’t be. Yo lying eyes be lying.

    Liked by 1 person

    • rrick says:

      Hey, whaddya know, after one month I can post to CTH again.

      Like

      • rrick says:

        Just for the record, I have never used foul language here. I have not spoken against Sundance & crew or CTH website. I don’t know the reason I was not able to post these past weeks. And never a response to my repeated e-mails sent to the listed contact e-mail address. I’m just happpy to be able to post again. In case this happens again. Merry Christmas and Happy Fourth of July.

        Liked by 1 person

        • G. Combs says:

          According to other long time commenters Word Unimpressed was screwing with a lot of commenters. That is why so many ‘disappeared’ to be replaced with ‘Correct the Record’ bots for the last couple of months.

          Like

          • steph_gray says:

            Interesting!

            I have never used WordPress to comment here. I can easily live with an ugly face icon and having to create specific replies instead of just clicking Like.

            From what you all say, I figure I avoid some worse headaches this way…

            Like

          • rrick says:

            Wanna hear the real sad sack? Not one person here (that I saw) even missed me. No one asked about me. waaa /sniff/ waaaaaaaaaaa

            Like

  10. Sharpshorts says:

    The plan:
    “…you can fool some <b[ALL] of the people all the time…”
    if you control the media.

    Liked by 1 person

  11. bob says:

    you didn’t really expect the msm to report anything good about the economy did you? that would help trump, and they just can’t have that.

    Liked by 5 people

    • beach lover says:

      It really is just that simple, isn’t it? I continue to be amazed the hatred for Trump and how it is driving those who normally would be sane people, to just be off the rails, mind blown crazy when it comes to him. They (media and liberals) will never, ever, give him a chance. Not even a chance.. they won’t report the truth. Period.

      Liked by 2 people

      • G. Combs says:

        “It is not enough to simply beat Trump. He must be destroyed thoroughly. HIS KIND must not rise again.” — David Plouffe June 13, 2016

        It’s Time for the Elites to Rise Up Against the Ignorant Masses – Foreign Policy Magazine

        That tells you that the USA is no longer a free country. It is a country run by Oligarchs. AND the US Supreme Court, in its Citizen United decision made DARN SURE OF IT!

        Actually the Supreme Court since FDR has been instrumental in trashing the USA Constitution and twisting it to favor the Oligarchs. From their decision about the Commerce Clause applying to the wheat grown by a farmer for his own use, to the decision that made sure citizens are denied their right to a trial, the US Supreme Court has been the enemy of Freedom.

        As Thomas Jefferson put it to Tom Paine in a 1789 letter, “I consider trial by jury as the only anchor ever yet imagined by man, by which a government can be held to the principles of its constitution.”

        ….The Seventh Amendment, passed by the First Congress without debate, cured the omission by declaring that the right to a jury trial shall be preserved in common-law cases… The Supreme Court has, however, arrived at a more limited interpretation. It applies the amendment’s guarantee to the kinds of cases that “existed under the English common law when the amendment was adopted,”

        The right to trial by jury is not constitutionally guaranteed in certain classes of civil cases that are concededly “suits at common law,” particularly when “public” or governmental rights are at issue and if one cannot find eighteenth-century precedent for jury participation in those cases. Atlas Roofing Co. v. Occupational Safety & Health Review Commission (1977). Thus, Congress can lodge personal and property claims against the United States in non-Article III courts with no jury component. In addition, where practice as it existed in 1791 “provides no clear answer,” the rule is that “[o]nly those incidents which are regarded as fundamental, as inherent in and of the essence of the system of trial by jury, are placed beyond the reach of the legislature.” Markman v. Westview Instruments (1996). In those situations, too, the Seventh Amendment does not restrain congressional choice.

        In contrast to the near-universal support for the civil jury trial in the eighteenth and early nineteenth centuries, modern jurists consider civil jury trial neither “implicit in the concept of ordered liberty,” Palko v. State of Connecticut (1937), nor “fundamental to the American scheme of justice,” Duncan v. Louisiana (1968).

        http://www.heritage.org/constitution/#!/amendments/7/essays/159/right-to-jury-in-civil-cases

        Thomas Jefferson on Judicial Tyranny
        “Nothing in the Constitution has given them [the federal judges] a right to decide for the Executive, more than to the Executive to decide for them. . . . The opinion which gives to the judges the right to decide what laws are constitutional and what not, not only for themselves, in their own sphere of action, but for the Legislature and Executive also in their spheres, would make the Judiciary a despotic branch.”(Letter to Abigail Adams, September 11, 1804)

        “The original error [was in] establishing a judiciary independent of the nation, and which, from the citadel of the law, can turn its guns on those they were meant to defend, and control and fashion their proceedings to its own will.” (Letter to John Wayles Eppes, 1807)

        “Our Constitution . . . intending to establish three departments, co-ordinate and independent that they might check and balance one another, it has given—according to this opinion to one of them alone the right to prescribe rules for the government of others; and to that one, too, which is unelected by and independent of the nation. . . . The Constitution, on this hypothesis, is a mere thing of wax in the hands of the judiciary, which they may twist and shape into any form they please.” (Letter to Judge Spencer Roane, Sept. 6, 1819)

        Liked by 3 people

        • rrick says:

          See, I really despise that. G, Combs has rightly depicted that most awful error in our government. Nothing else derives my most fervent contempt. I find this so distasteful that I hated (yes, that is the correct word in this case) to read the fullness of Comb’s comment. I boil with such vehement irritability of how the courts and the Congress have conspired to press upon the people in this most dastardly contrivance.

          To arms! is how I find an only solution to such decrepit affairs.

          Like

        • wolfrom1 says:

          . Combs/ I have always wondered what Jefferson would say if he saw the massive unelected bureaucracy we have created.

          Like

      • Pale rider says:

        Reading over the article and the comments i realized how screwed we are. The globalists control the stock market ups and downs. That means our investment dollars are their “fun money”. It’s what all these billionaires use to get filthy rich. I see it as “the club”.
        Also, Trump was part of “the club” and that’s where the hate for him comes from. He is in process of spoiling the game.
        Banking, and federal reserve, move the money and interest rates. Then the MSM herd the sheep for the fleecing as the markets move. Add insurance companies/drug companies, endless invaders, war. Oh and congress and Supreme Court removing the speed bumps, with all of the upper law enforcement protecting these criminals.
        Yeah if anyone wants to organize a quilting party (civil war) we need to start top down. No wonder these bastards are always smiling in the cameras, the game is rigged.

        Liked by 2 people

  12. Akindole says:

    “Markets staged a miraculous….”

    Reminder…The casino always wins.
    IOW, Your (fund managers) money becomes their (bank’s) money.

    Liked by 1 person

  13. meow4me2 says:

    Found an article on the National Retail Federation about 2017 holiday sales. The federation defines holiday season as Nov 1 – Dec 31. They also stated they get their data from the US Census Bureau. I have posted the link, hopefully this works. Never done that here before and Word Press is a strange beast to me.

    Second point, I wonder if the data includes many small business retail purchases. I know I bought a lot of presents on Etsy this year and last. I don’t know how those get captured in the retail analysis.

    https://nrf.com/media-center/press-releases/holiday-retail-sales-increased-55-percent-2017-exceeding-nrf-forecast

    Like

  14. lcpusa says:

    it just highlights the bottom line

    the media is the enemy of the people

    Liked by 4 people

  15. William Moore says:

    It is evident that the Progressive media…that is virtually ALL of the Mainstream Media, is so focused on destroying Trump that destroying the American economy and hurting hundreds of millions of investors, is a central tactic. Hurt every company you can — Blame Trump. America loses. That is WHAT PROGRESSIVE DEMOCRAT FASCISTS WANT. There is NOTHING confusing about this other than the observable fact that it is based totally in media lies, and it is not really working.

    Liked by 6 people

    • Ever heard of “CALL TO ARMS”? That is why PDJT’s 2nd EO is SO important…the ptb KNOW what is coming…they just can’t wrap their very small brain cells around the fact that PDJT is outstripping THEIR gains (stock market) and putting the money where it belongs!!! To US!!!

      Like

  16. James Brown says:

    The establishment, i.e, Democrats, Republicans, federal reserve, bureaucracy, election officials, media, George soros, George will, George Bush, etc., will do their best to 1. Crash the economy and 2. Have Democrats fraudulently win elections- as happened in spades this past November.

    Like

  17. f.fernandez says:

    Pressure increases after Trump makes noise about removing the Fed from power. For those following the actual economy, we know the market downturn was manufactured. The market rebound was those pulling the strings trying to save the Fed’s power.

    Liked by 2 people

    • Agree, it was an ATTEMPT. I personally think the Fed is fooked. Trump has outed mr Powell and his cronies. He let them tank the market, and then HUNG it round their necks. now he has every righteous reason (and we the people’s blessing and backing) to dissolve the Globalists central bank. When he does, the Cabal will go APOPLETIC. It will make what we have seen so far look like a kindergarten party.

      Liked by 1 person

      • Pale rider says:

        Keep your eyes open for movement from the United Nations maybe some other entity to centralize power around them. Either the plan is to move it or it will go by necessity of Trumps actions, the power brokers will not give this up if the federal reserve is hit.

        Like

      • Pale rider says:

        Keep your eyes open for movement from the United Nations maybe some other entity to centralize power around them. Either the plan is to move it or it will go by necessity of Trumps actions, the power brokers will not give this up if the federal reserve is hit.

        Like

  18. logger says:

    Anecdotal, but worth repeating. Our local (WV) general store that specializes in unique Christmas items last year reported its best season of all time (40+ years). This year, it topped that by at least 15%!
    Ask your local retailers – bag boys, cashiers, floor staff, managers while they are busy about their work – and you’ll hear the wonderful news first-hand.

    Liked by 1 person

  19. bitterlyclinging says:

    [“Why would the overall media, and specifically the Wall Street focused financial media, downplay results that reflected a stunning 42% increase in consumer spending?”]

    “If he gets elected we’re all going to hang” HRC
    And as you, sundance, have pointed out a myriad number of times, that’s what Robert Mueller is there to prevent.

    Liked by 3 people

  20. covfefe999 says:

    Hey what happened to all of the alarming “we’re all gonna die!” recession fake news stories propaganda media pooped out during the past week?

    Liked by 2 people

  21. Janice Farley says:

    I’m totally depressed because I just read an article on Fox News that ICE is releasing migrants into the country and our President said no illegal will be allowed in!!!!! What is going on???? Call the President and ask him why is this happening and to shut down the border like he said!!

    Like

  22. Will says:

    I think the answer here, SD, is the two CBS articles use different data sources (first one from a firm called Consumer Growth Partners and the second one from Mastercard’s spending pulse report). Therefore what I would do is use the MasterCard data for both years. Here are the press releases from Dec 2017 and Dec 2018 from MasterCard’s spending pulse report.

    https://newsroom.mastercard.com/press-releases/mastercard-spendingpulse-retail-sales-grew-4-9-percent-this-holiday-season/

    https://newsroom.mastercard.com/press-releases/mastercard-spendingpulse-u-s-retail-sales-grew-5-1-percent-this-holiday-season/

    Using this same dataset and the $850 billion mentioned in the 2018 report, one can calculate the 2017 holiday spend figure of approximately $810 billion. Thus the 5.1% growth rate cited in the 2018 press release gets you to the $850 billion spending figure.

    Liked by 1 person

  23. notfaded1 says:

    As this Wall Street vs. Main Street dynamic plays out there will be volatility in the stock market. Add in the constant negative drum beat from the MSM and it’ll be a bumpy ride. But try as they might you can’t stop the changes PDJT has instituted. Despite the negative MSM Americans in real Main Street America are feeling the change and no matter what the media says it can’t be stopped. This is beyond a good thing. It’s the reason why VSG got elected in the first place and he’s checking off his campaign promises from his list.

    I thank God every day for the results of the 2016 election and am thankful for our new SC justices… hopefully more to come. Boy if we get more SC nominations better buckle up treeps the MSM will go nuclear.

    Liked by 2 people

    • notfaded1 says:

      Also is anyone here really surprised the MSM would downplay the real numbers by not stating them upfront like SD showed? 42% increase is unheard of! They just can’t help themselves even while the numbers are bigger and better than anything they could have expected. They just can’t report the truth when it comes to VSGPDJT.

      Like

  24. Richard Whitney says:

    Methodology! Thanksgiving has different dates in November, depending.
    This ‘holiday’ season 2018 was the longest it can be. Longer that 2017. 2019 will be as short as it can be.
    So the 2018 holiday selling season was certain to be greater than 2017, ceteris paribus.
    Separately, anything to do with numbers befuddles the MSM. They are undereducated and unread.
    The ‘journalists’ couldn’t handle the mental discipline required of law or medicine, nor could they handle the math or science of any other useful major. And the on-air talent is composed of beauty pageant contestants.

    Liked by 2 people

  25. PocaMAGAjunta says:

    In pursuit of actual retail sales data I illogically found my way to the Federal Reserve Economic Data (aka FRED) site. In spite of the alarms going off in my head, I proceeded to the App site to download FRED. I did managed to stop myself when I noticed the age appropriateness for the app is listed as 4+.

    https://fred.stlouisfed.org/fred-mobile/index.php

    Liked by 1 person

  26. Johnny AA says:

    Yes, it’s been a remarkable consumer-driven holiday season, but everyone should take a breath and be careful about tying that growth to individual days on the Dow. First of all, the Dow is not a very representative view of the U.S. markets. The Dow is around $1 trillion of market capitalization versus the $20 trillion of the S&P 500. Citing the Dow is like looking at Iowa and New Hampshire for political insight into the whole country.

    Also, the end of the month/quarter/year portfolio re-balancing that takes place in December always makes for odd-ball volatility. Yesterday’s 5% gains turn into today’s 3% loss. It may well be true that the big money wants the market to go down to get rid of Trump, but it is also true that the Fed has pumped so much cash into the capital markets that current assets prices are simply way too high. The markets can be expected to drop for that reason alone…which is why I always thought it was foolish for PDT to take credit for the market gains on his watch. His policies HAVE made a big difference, but after nine years of Fed pump priming a down turn was inevitable anyway.

    The key thing is that Main Street and middle America are doing well. Stock prices don’t have too strong a relationship to the average American’s life.

    Like

    • William Schneider says:

      I would disagree with statement that stocks value is not much related to man the street. The man in the street is a major driver of the market these days -as in the past.

      Like

  27. Pyrthroes says:

    This “two economies” –Main Street’s productive business/consumer sector vs. Wall Street’s algo-driven globalist Casino Culture– became objectively evident in November 2011, when NYSE trading volume abruptly fell by near a third. In terms of opportunity costs alone, Gangrenous’ actively seditious 8-year administration sabotaged Millennial Generation prospects from their first graduating cohort in AD 2012.

    Like

  28. Bill Hollinger says:

    The WSJ rarely misses a chance to trash President Trump, so it’s in keeping with their usual practice to ignore this incredible news. Meanwhile the Fed is doing it’s level best to destroy the stock market. Other than sites like this, and the supportive people posting here, Trump is truly alone in the wilderness. It really sucks.

    Like

  29. JOSEPH ANGEL says:

    Anything broadcast or purveyed by the (((MSM))) is lies and distortions. They all need to change their names to ‘Pravda’ or ‘Izvestia’. Christ on a cracker!

    Like

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