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Biggest financial lessons of 2018

Jan 02, 2019 - Chicago Tribune

The news cycle can teach us important economic and personal finance lessons. Here are my picks for the biggest lessons of 2018.

1. When the government spends, the economy grows: The economic expansion (the second longest in U.S. history) got a big boost from the new tax law and by a surge in government spending. The combination likely increased GDP by about 3 percent in 2018, which would be the best showing since 2005.

2. The labor market is not done yet: The economy added just over ...