The Economy: A Higher Safe Speed Limit

Defying first-of-the-year predictions and standard economic convention, the American economy races on. Despite five Federal Reserve rate increases, consumers are spending like crazy, corporations are investing like mad, stock indexes are bumping new highs, profits are soaring, and inflation remains only a troublesome worry, not a major reality. What the heck is going on? Welcome to the debate on New Economy safe speed limits, Part Two.

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