The Economic Surprises after 9/11
In the aftermath of the terror, consumer spending stayed strong, and the recovery may have started right after the attacks
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By Michael Englund
With a full year of reflection, we can at last assess with more clarity the economic impact of the September 11 terrorist attacks. The conclusions we at MMS International, an economic-analysis outfit, can draw now are quite different from the theories that predominated immediately after the tragedy.