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News from The Associated Press, and a taste of the great journalism produced by AP members and customers.

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    The Associated Press‏Verified account @AP 24 Nov 2021

    U.S. consumer spending was up by a solid 1.3% in October despite annual inflation hitting a three-decade high of 5%. The rise in spending was double the 0.6% gain in September, the Commerce Department said.http://apne.ws/zwmJUQ0 

    2:42 PM - 24 Nov 2021
    • 58 Retweets
    • 133 Likes
    • James Jeter Chip justDEE. Natasha James McGloin Sylvia Sherry Zeilstra rashid al dosari JM
    25 replies 58 retweets 133 likes
      1. Kevin Hutchinson‏ @hutchike 24 Nov 2021
        Replying to @AP

        "despite"? Inflation*causes* people to buy more, because they know the price be higher if they wait longer.

        0 replies 1 retweet 9 likes
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      1. Irtiza Majeed S‏ @irtizamajeeds 24 Nov 2021
        Replying to @AP

        Oh

        0 replies 0 retweets 0 likes
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      1. Mike F‏ @MikeFusco16 24 Nov 2021
        Replying to @AP

        it is what the economy needs. Economy needs buyers and spenders.

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. bennydiego 🇺🇸 🏳️‍🌈‏ @bennydiego 24 Nov 2021
        Replying to @AP

        If the shelves are empty, how is consumer spending up? 🧐

        2 replies 0 retweets 2 likes
      3. Gregory Shorts‏ @GregoryJShorts 24 Nov 2021
        Replying to @bennydiego @AP

        Because shelves aren't empty.

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. Jo Lown  🎨 🌴 🌊 🇺🇸‏ @JLownLaw 24 Nov 2021
        Replying to @AP

        Jo Lown  🎨 🌴 🌊 🇺🇸 Retweeted Carl Quintanilla

        Meanwhile the economy rocks!https://twitter.com/carlquintanilla/status/1463547198088654856?t=UrJJBldCwovh_RA5RukUKw&s=19 …

        Jo Lown  🎨 🌴 🌊 🇺🇸 added,

        Carl QuintanillaVerified account @carlquintanilla
        JPMORGAN: “.. we are revising up our tracking of current-quarter real annualized GDP growth from 5.0% to 7.0%” pic.twitter.com/AZV67ezVzM
        0 replies 0 retweets 0 likes
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      1. Doc‏ @greatyhope 24 Nov 2021
        Replying to @AP

        Don't think people realized at the time, people pull back big time in coming months.

        0 replies 0 retweets 0 likes
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      1. Mr Quadrillion‏ @MrQuadrillion 24 Nov 2021
        Replying to @AP @APBusiness

        The increased spending makes it worse as they spend new debt that later has to be paid back.

        0 replies 0 retweets 0 likes
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      1. ☭ satanic wisdom  👁 👄 👁‏ @ragingstormz 24 Nov 2021
        Replying to @AP

        spending is up because things are more expensive it’s not that hard

        0 replies 0 retweets 0 likes
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