Shoppers Likely Boosted Spending Last Month, Taking on Higher Prices

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American consumers are expected to have spent more at the start of the holiday shopping season, brushing off concerns about higher prices at retailers and restaurants last month

Economists estimate retail sales rose by 1.5% in October, which would mark a solid start to the holiday shopping season

California’s Port of Los Angeles is struggling to keep up with the crush of cargo containers arriving at its terminals, creating one of the biggest choke points in the global supply-chain crisis. This exclusive aerial video illustrates the scope of the problem and the complexities of this process. Photo: Thomas C. Miller

 

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With so many people out of the work force, where are consumers getting the money to spend?

Did they buy more or did they simply pay Moreland bought less?

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You’re a broken record on inflation

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