Top Stories From the Breitbart News Desk

[Maganomics Daily]( Top Stories From the Breitbart News Desk Fed officials released new projections showing a much more vigorous recovery than they had expected earlier this year. Back in June, the Fed projected the economy would contract 6.4% this year. Now it sees the contraction at just 2.4%, a mild recession rather than a calamity. The projections are better through next year, with more growth and lower unemployment. During his press conference, Fed chief Jay Powell admitted the Fed had overestimated the weight of rising COVID infections on the economy. The new figures amount to a vindication of those who were most optimistic about a V-shaped recovery, including our Optimist-in-Chief. Just like with the post-election arrival of vaccines, the vindication of Trump’s economic optimism arrived too late to make a political difference. [How To Live Your Best Life]( Unfortunately, some of that economic vigor appears to be waning in the final months of the year. Retail sales slumped in November by much more than expected, and October’s numbers were revised to show that sales actually ticked down a month earlier, ending a five-month-long expansion. Interestingly, the year-to-date figures show that the hardest-hit retail sector has been clothing stores. In an age of social distancing and working from home, shopping for clothes is down more than 28% – a bigger decline than bars and restaurant sales saw. A coalition of state attorneys general led by Texas sued Google yesterday, accusing the Silicon Valley behemoth of running an illegal digital monopoly. The complaint actually alleges that Facebook and Google conspired together to divide up the market for digital ad sales. Under the alleged scheme, Google got to keep its dominance in an important market segment, and in return, Facebook was guaranteed to win a certain share of Google-run ad auctions. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image]( [Fed Admits It Underestimated the Trump COVID Economic Recovery]( The U.S. economy is growing faster than Federal Reserve officials expected, indicating that the recovery in the last months of Donald Trump’s presidency was much stronger than commonly thought. At the conclusion of the two-day meeting of the Federal Open Market Committee, the Fed released a summary of the economic projections of Federal Reserve board members and Fed presidents. These showed some large, positive changes since the last release of projections in September. [[Click here for more]( Recommended Link [“50 Stocks on This List… Guess Which One Made Me a Fortune?”]( [ad_img]( According to Jeff Clark… A former $200 million money manager… One stock on this list could have handed you a total of $273,441 on just a handful of trades… But he says most folks will gloss right over it… [Show Me the Stock Now]( IN OTHER STORIES… [The Poverty Rate Is Rising Rapidly But Still Low by Historical Standards]( Poverty climbed in the U.S. for five months as the country headed into the 2020 election amid rising infections and as bitter partisan divisions stood in the way of a new round of economic aid. [[Click here for more]( [Retail Sales Slump as COVID and Lockdowns Hit Holiday Shopping]( American consumers held back on purchases in November and October as the surging coronavirus infections and renewed restrictions on businesses limited early holiday shopping. [[Click here for more]( [Texas AG Ken Paxton Files Lawsuit Against Google over Ad Practices]( Texas Attorney General Ken Paxton and the attorneys general of eight other states have filed an antitrust case against Google, alleging the company abuses its monopoly power in digital ads to harm consumers and businesses. [[Click here for more]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [The Trader’s Guide to Technical Analysis]( [image]( [America’s #1 Portfolio Protection Plan]( [image]( [The Gold Investor’s Guide]( [Maganomics]( Maganomics Institute 55 NE 5th Avenue, Delray Beach, FL 33483 [www.maganomics.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Maganomics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-415-6046, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@maganomics.com). © 2020 Signal to Noise, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Signal to Noise, LLC. [Privacy Policy]( | [Terms of Use](