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Money Supply Is Falling By Most Since Great Depression | Danielle DiMartino Booth
Forward Guidance
The US Consumer Has Been So Strong This Year
There's still a ton of stimulus that's being injected into the US economy. That explains why there's so much services spending. We're just now seeing the trend start to come off as hotel spending is starting to decline. People are spending less on airfarers, because if you don't have all those zillions of dollars flowing into your bank account, you're not necessarily flying the entire family first class to Paris and back.
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