The Covid-19 Import Boom Conundrum
Despite still-high unemployment, no federal government support package in place, lack of investment by U.S. companies and over 210,000 COVID-related deaths, the U.S. economy is beating forecasts with consumer consumption up and imports setting new records. Retail sales are a big part of consumer spending, so one would expect to see an increase when the economy improves and consumers are confident. But less than six months after the biggest decreases on record this spring, ret