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Gabe - gdp is negative if you back out inflation. gdp has not had a negative period since the 60's so i guess we have had no recession since then. employment is the first real concrete leading economic indicator. it has an economic multiplying effect. the other leading indicators are simply smoke and mirrors.
Sep 06 21:55 pm
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All Comments by Steven Hansen »Labor Pains: Deeper Contractions [View article]