U.S. Imports of Snow Crab From All Sources Soar Through July
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Americans accumulated over $2.1 trillion during the pandemic in governmental stimulus and there were limited spending opportunities due to lock down. Since the pandemic isolation has ended, consumers are spending again. Starting from August 2021, consumers have drawn down about $1.9 trillion in their savings, leaving less than $190 billion of that excess savings remaining in the overall economy. Based on the current rate it is likely that the surplus savings would be completely used up in the third quarter of 2023. This projection is shared...
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