To make you feel better, economists are completely befuddled by the current state of the economy. On the one hand, the Housing Investment Binge is over.
But on the other hand, we are spending more than ever, and real incomes are rising.
What a dilemma for Central Bankers, Policy Specialists and AP Econ Teachers. Well, as one wag put it- "Physics is incomprehensible. Economics just doesn't make any sense".
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