Friday, October 30, 2009

We are so screwed!

The GDP Mirage: Why Data are Distorted
In effect, government statisticians are trying to track a 21st century bust with 20th century tools. Not only is that distorting the critical data that investors, policymakers, and corporate executives use to evaluate the economy, but it might also be creating a false sense of relief as Americans battle a brutal recession.


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