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Consumer Confidence: Democrats Expect "Deep Recession", Republicans Look To New Golden Age

Consumer Confidence: Democrats Expect "Deep Recession", Republicans Look To New Golden Age

UMich consumer confidence rose in the preliminary March print, beating expectations at 97.6 with current conditions surging but expectations stalling somewhat.

This exuberance is occurring as real earnings growth slumps. But crucially, the partisan divide is unprecedented.

 

The overall level of consumer sentiment remained quite favorable in early March due to renewed strength in current economic conditions as well as the extraordinary influence of partisanship on economic prospects.

Syrian Army Shoots Down Israeli Jet, Hits Another

Syrian Army Shoots Down Israeli Jet, Hits Another

The Syrian army said Israeli jets breached the war torn country’s airspace in the early hours of Friday morning and attacked a “military target” near Palmyra. The jets were then reportedly targeted by Syrian anti-aircraft missiles. According to a statement from the Syrian Army, a total of four Israeli jets breached Syrian airspace on Friday morning. Syria’s air defenses shot down one of the jets over “occupied ground” and damaged another. The Israeli Army confirmed it had conducted airstrikes on several targets in Syria, but the IDF claim that none of the jets were damaged.

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