Is good economic news really all that surprising? π°
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People continue to be blindsided by the resilience in personal consumption growth.
According to Census Bureau data, retail sales in July increased by 0.7% to $696.4 billion. As many news headlines show, this pace exceeded many economistsβ forecasts. (See here, here, here, here, here, and here.)
βThe media was flooded with stories β¦
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