The cover of the latest issue of The Economist magazine has an illustration of a woman walking off a bridge with her dog – and continuing to walk on air – with the headline “Too good to be true.”
As the magazine’s Wall Street correspondent Alice Fulwood explained in a Nov. 7 talk to the World Affairs Council of Jacksonville, the world is experiencing a contradiction between high interest rates and continued economic expansion that seems too good to be true.
“Growth in the U.S. is still incredibly strong,” Fulwood said in her Global Business Luncheon talk to about 100 people at The River Club of Jacksonville in the Wells Fargo Center Downtown.
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