Reflecting the distribution of stimulus checks by the federal government, the Commerce Department released a report on Friday unexpectedly showing a substantial increase in U.S. personal income in the month of April.
The Commerce Department said personal income spiked by 10.5 percent in April after tumbling by a revised 2.2 percent in March.
Incomes are up, consumer prices are down, the dollar is invincible, and only nonsensical doomerists think deficits matter. Extend the CARES act unemployment provisions set to expire at the end of July, make the stimulus checks recurring, and prosperity is here to stay. We cracked the code. We’re richer than ever before and as a bonus a lucky few 40 million people have been able to retire in comfort along the way. Bummer about the lost lives of course, but talk about a silver lining!