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BREAKING: GDP Explodes Higher (Unless You Look Beneath the Surface)
People keep saying the economy is in the toilet and the US government keeps raising its estimate for GDP. The general public isn't wrong, GDP is. How do we know? Because that's what GDP says - its other side. Not as well known, it should be because this is the one which is far more accurate during cyclical downturns. History, academic studies, consistency with other signals, not to mention how much it backs up popular perception. Everything including the better side of GDP is lined up against GDP.
Eurodollar University's Money & Macro Analysis
Jeremy Nalewaik Board of Governors of the Federal…
The skinny
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