Latest stats on the consumer economy betray a year of hair-on-fire headlines about inflation and recession
There ought to be a lot of red faces today within the scrum of economic pundits and bean counters who have been jabbering all year that inflation and the lingering effects of the pandemic would inevitably drive the US economy into a ditch. The results won’t be known until next year, but this might turn out to be a December to remember for how misguided they’ve been.
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