Wall Street Strategies
Hello! Sign in or Register

2019, Strong Retail Year

By Charles Payne, CEO & Principal Analyst

The National Retail Federation (NRF) released its 2019 forecast for the industry and the economy. The report was optimistic when it came to the facts. However, it was not as much when it came to the warnings – there was the same threats that were the backdrop for a 3.0% annual Gross Domestic Product (GDP) last year.

More people are working, they’re making more money, their taxes are lower, and their confidence remains high. The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds. It’s time for artificial problems like trade wars and shutdowns to end, and to focus on prosperity not politics.

-NRF President and CEO Matthew Shay

Additional Comments and Bullet Points

  • “We are not seeing any deterioration in the financial health of the consumer”
  • “Consumers are in better shape than any time in the last few years”
  • “We believe the underlying state of the economy is sound”
  • Average of 170,000 jobs per month, down from 220,000 in 2018
  • Unemployment will drop to 3.5 percent by the end of the year
  • Gross domestic product is likely to grow about 2.5 percent

I get the NRF represents companies that import a lot of stuff from China, and they are fearful of their profit margins. Nonetheless, this group got the biggest tax cuts and will soon wipe out hundreds of thousands of American jobs in the name of progress, so there is a touch of hypocrisy.

Of course, no one wants “self-inflicted” wounds; however, fixing trade with China would heal the biggest wound that has been bleeding the country and draining our greatness.

Charles Payne
Wall Street Strategies


Add a Comment!

Submitted comments are subject to moderation before posting.

Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.