April 15, 2021

Retail sales in the US jumped a whopping 9.8% in March, and sales of clothing and other necessities jumped into the double digits. CNBC (above) noted there are indications that people are shopping at brick and mortar stores, not merely online.

And a lot of stimulus is going toward BILLS. NBC:

The number of recipients looking to put their stimulus checks towards their near-term financial situation remains elevated at 67 percent, according to analysis from Bankrate.com. Even those among the highest-earning households, making $80,000 or more annually, are continuing to feel the brunt of the pandemic, with nearly half saying they will spend their check in this way.

“For all the talk of revenge spending and pent-up demand for travel, you wouldn’t know it by seeing just 13 percent of stimulus check recipients indicating that any of the money would be spent on discretionary activities or nonessential items," said Greg McBride, chief financial analyst at Bankrate.

What, no stock buybacks?

It's so funny it's sad, how immediately analysts can see the impact of trickle-UP economics. Yes, corporations like WalMart and Amazon are getting rich off of the stimulus, and at the same time, American households get things like diapers, groceries, and blue jeans. It's a win-win.

More like this, please.

Help Us Fight Back Against Social Media Censorship

Facebook has been limiting the visibility of our posts after a serious of bogus violations. We need your help now more than ever.


We are currently migrating to Disqus

On May 14, 2022, we started migrating our comments from Insticator back to Disqus. During this transition period, some posts will have Insticator and some Disqus. For more information on the transition, as well as information regarding old C&L accounts, please see this post.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service for information on our posting policy.