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Retail Sales Soared in October For Most Everything Except Restaurants And Bars

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The latest “advance” retail sales numbers from the Census Bureau are curious indeed. Overall, seasonally adjusted sales, which are not deflated for inflation, rose a huge 1.7% in October compared to September. They are 16.3% higher than October last year. Coming out of the pandemic, Americans are buying a lot of stuff. Most every category…

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