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What our subscribers are reading today
Stansberry Digest

Buying Now, Paying Later

Holiday spending is strong... Put it on my tab... A signal from the labor market... The Fed still wants to cut rates... False confidence in the inflation Octagon... Have you heard?...


People are opening their wallets this holiday season...

With Thanksgiving behind us, the holiday-shopping season has officially begun. And while we're still early in the season, Americans are spending more than ever for the time of year.

E-commerce platform Shopify (SHOP) said that it saw a 22% increase in sales on Thanksgiving. And credit-card company Mastercard (MA) said that online shopping is already up 15% from last year – even higher than last year's 9% growth.

In total, Thanksgiving Day spending jumped 9% from last year to a record $6.1 billion. Then on Black Friday, it surged above $10 billion.

That wasn't the peak...

On Cyber Monday, folks spent another $13 billion – marking the biggest online-shop

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