What Alan Greenspan Has Learned Since 2008
Harvard Business Review
JANUARY 7, 2014
It’s true of GDP. At that point if you took a survey of what the outlook was, you’d get an overwhelming positive response the day before it falls on its face. The dot-com boom when it collapsed, you can’t find it in the GDP figures in 2001, 2002. That is true of the unemployment rate. It didn’t happen.
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