, Columnist
Learning to Shop After the Recession
Do better retail sales mean we're getting over the Great Recession?
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Retail sales were better than expected in December, and analysts are waxing cautiously optimistic:
"There is the hope that the momentum is going to continue and the good news will feed on itself," said Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida, who correctly projected the rise in retail sales. "Better spending will lead to more jobs and more jobs will lead to more spending."