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Op-ed column

GPI is better way to monitor economy, warn of meltdowns

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To many Americans, the recession seemed to come out of nowhere. In late 2004, the Gross Domestic Product was soaring at a robust rate of over 4 percent per year. Powered by a billowing housing bubble, the prospects for continued prosperity seemed comfortably high. Then, the economy collapsed into the Great Recession. Ever since, analysts have devoted considerable attention to why that happened. But few have questioned how our nation’s leading economic indicator failed so ...


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