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Joe Weisenthal: Record Travel Shows a Hot Economy
Original: ‘This Is a Hot Economy’: Joe Weisenthal on Record Travel Despite $4.46 Gas
Journalist Joe Weisenthal argues the United States economy remains strong, pointing to record travel volumes even with average gasoline prices at $4.46 a gallon. His remarks push back against pessimism about consumer spending, suggesting Americans keep spending on travel despite high fuel costs, a sign of resilient demand in a tight labor market.
Why now: Record travel despite elevated gas prices is fueling debate about the true strength of the US economy.
Evidence
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