Sen. Bernie Sanders (socialist, Vt.) continues to be insisting that the U.S. financial system is in want of a gargantuan $3.5 trillion overhaul. Are issues actually that unhealthy? Apart from threats from authorities debt and inflation created by the senator and his Washington colleagues, it’s not simple to identify issues in an financial system the place job openings have by no means been extra plentiful. The Journal’s Josh Mitchell writes:
The U.S. financial system is proving resilient within the face of the Delta variant.
Individuals briskly elevated spending at retailers final month, whereas employers have largely resisted the urge to put off employees, the federal government reported Thursday, each indicators of robust demand within the financial system.
Gross sales on the nation’s retailers rose 0.7% in August, rebounding from a drop in July, the Commerce Division mentioned. With many colleges, school campuses and workplaces reopening, customers shelled out extra for groceries and merchandise at big-box shops.
The world’s largest financial system has been rising well. But take heed to Mr. Sanders, who sadly now chairs the Senate price range committee, and it appears like all the things is damaged, on a regular basis.