Blacks in Atlanta after the Confederacy collapsed may have done OK but only because Atlanta had to pay market wages to rebuild after the Sherman burning. But it was not until the 1996 Olympics that blacks in Atlanta finally got their real opportunity. Now go to the Back Bay of Boston’s ...
These factors have been known throughout the quarter. It remains a mystery why these highly paid brains on Wall Street are blaming them now for the “surprise.” They should have included them in their GDP forecasts. But here is the thing: the Atlanta Fed’s GDPNow forecasttotally...